It's too early to know for sure don't have anywhere near all my documentation but as has been pointed out for months now the changes Trump made in taxes would likely result in lots of people being surprised with theirs in 2020. I got my W2 today and downloaded the info into Turbo Tax. So far all I have in there is income from W2, my inherited IRA RMD, and my car registration renewal form, which won't even count since I won't itemize. Based solely on that I owe just over $1000 to feds and $459 to the state. There's more income to come from stocks, interest on CD's and money markets etc but right now I have to say it's fairly obvious that as was pointed out repeatedly when Trump "gave us more money" what he did was lower the amount deducted on your paycheck, so the money you might normally get back at the end of the year, was instead going into your paycheck. The problem is they didn't do it "correctly" they did it to try and increase paychecks as a campaign strategy, I'm giving you more money so vote for me. So as was pointed out repeatedly in financial stories, people who did calculations came to the conclusion that people were going to be surprised when they not only didn't get a tax refund, they owed money. I actually adjusted my withholdings to take out more to try and counter this, and I increased my 401K contribution, but it appears I'm still under withheld. now yes I know it's better to get nothing back and have it in every paycheck than get a big return but lots of people literally base their spending early in the year on an assumption of getting a tax return. Will be very interesting to see. I talked to 2 people at work who'd input their W2's also, they both likely make substantially more than I do, and both of them said they currently owed several thousand dollars and were hopeful the rest of their returns would improve the situation. If this holds true for the majority of people just watch the GOP blame it on Biden, see he's already raised your taxes.