A tax mystery: Why are fewer people getting refunds? [Yahoo! Finance]
Airbnb, Inc. - Class A (ABNB)
Company Research
Source: Yahoo! Finance
The share of taxpayers who get money back at tax time is slowly and, a little mysteriously, shrinking. At the same time, the number of people having to cut a check to the government has been rising. The number of refunds so far this year is down by 3.3 percent, according to the latest IRS statistics that came out before Monday's filing deadline. It was down last year too, and the year before that. While no one is exactly sure why, some point to changes in the way people work. Others suspect it has to do with the way the government calculates how much in tax should be withheld from people's paychecks. And the reversal of fortune could have consequences for how and whether people comply with tax laws. “We want to make sure that people are, in fact, filing,” said Bob Kerr, a former longtime IRS official, now a Washington-based tax practitioner. “And there are a whole bunch of people who do it because it pays to do it.” “I think this is really going to a problem.” Before the pa
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ABNB
Earnings
- 2/13/24 - Miss
ABNB
Sec Filings
- 4/25/24 - Form 4
- 4/23/24 - Form 144
- 4/23/24 - Form PX14A6G
- ABNB's page on the SEC website