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Biggest Tax Refunds Ever: Trump's Tax Law
Americans set for record tax refunds in 2026 due to Trumps tax cuts. Withholding tables remaining unchanged for most of 2018 led to overpayment, resulting in potential refunds of $1,000 to $2,000 per household. The tax law includes no taxes on tips, overtime, or Social Security benefits, along with larger standard deductions and an expanded child tax credit. Tax experts estimate a $144 billion cut in individual income taxes for 2025, with up to $100 billion coming from higher refunds. As withholding adjusts, workers can expect more take-home pay and a significant boost in their bank accounts during refund season.
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Published on 1 week, 6 days ago