BAKERSFIELD, Calif. — Monday, April 15th is the deadline for filing your taxes. This year is the first under the new Trump tax codes.
Experts say it's the first year consumers will feel the effects of President Trump's sweeping tax overhaul.
According to the IRS, the average refund is $2,837-dollars. Financial Advisory David Anderson says that's due to where people now fall in the new lowered tax brackets.
Another change is the standard deduction has now doubled from $12,000 to $24,000 dollars. Experts say the increase makes it easier to file with less of a need to specify what they write-off.
The new tax code also eliminates personal exemptions like deducting employee business expenses like meals or travel or even deducting yourself.
What about filing an extension?
The IRS has a free file system for those with an income of less than $66,000 dollars.
