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OBBB Huge Refund

Did you just file your 2025 taxes and receive a massive refund? While that check from the IRS feels great, Carl R. Lymangood, CPA, explains why it might actually be a sign of a payroll glitch that won't happen again in 2026. In this video, Carl breaks down the impact of the "One Big Beautiful Bill" (OBBB) passed in July 2025. While this bill extended key deductions and credits, payroll companies were not mandated to update their withholding tables mid-year. The result? You likely overpaid taxes from your paycheck all year long. However, 2026 is a different story. Withholding tables are updating, which means your paychecks will change, and that "automatic" refund might disappear—or worse, turn into a tax bill if you aren't careful. In this video, you will learn: 1. The 2025 Anomaly: Why the OBBB caused huge refunds this past tax season. 2. The 2026 Shift: How updated payroll tables will reduce your withholding (and your refund). 3. The "Paycheck Math": A 3-step DIY guide to projecting your tax liability for the rest of the year. 4. W-4 Adjustments: How to tweak your withholding now to avoid underpayment penalties. 5. Proactive Planning: Strategies to ensure you don't owe the IRS interest next April. Find us here: Website: https://www.petrosfamilytax.com LinkedIn:   / petros-family-tax   Disclaimer This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Carl Lymangood is an employee of Petros Family Tax & Petros Family Wealth. All opinions expressed by them are solely his own opinion and does not reflect the opinion of Petros Family Tax or Petros Family Wealth. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.