Don’t go spending your higher tax refund yet

There are a few things you ought to know about that big tax cut that Missouri lawmakers passed this week.

The first thing: The cuts don’t go into effect until 2017, and even then the package is phased in over several years.

David Lieb of the Associated Press lays it out.

This story was originally published May 7, 2014 at 6:13 PM with the headline "Don’t go spending your higher tax refund yet."