Audit: Missouri taxpayers could see $63 million more withheld this year
Missourians could see almost $63 million more withheld from their paychecks this year than last year, Missouri’s State Auditor Nicole Galloway said Tuesday.
Galloway’s office completed an audit of the Missouri Department of Revenue after the department failed to notify state residents to update their tax withholdings after 2017 federal tax overhaul. The changes could result in the state paying about $232 million less in tax refunds this year, according to the audit.
Galloway’s office said the Revenue Department changed the state’s tax withholding tables for the third time in just over a year this January. Last year’s changes could leave thousands of Missourians with less money withheld from their paychecks than expected when they file taxes for last year.
This year’s tax withholding tables could withhold $62.9 million more from Missourians paychecks than in 2018, the audit found. The changes will affect 53 percent of Missourians, all with incomes of less than $125,000, Galloway said at a Tuesday morning news conference.
https://www.columbiatribune.com/news/20190402/audit-missouri-taxpayers-could-see-63-million-more-withheld-this-year
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