Manchester Observer
  • Home
  • World
  • Europe
  • USA
  • Middle East
  • Asia
  • General
  • Business
  • Entertainment
  • Technology
  • Health
  • Sports
  • Newsroom
  • Opinions
Reading: Millions tap Trump tax cuts this filing season as refunds top $3,400
Share
Manchester ObserverManchester Observer
Font ResizerAa
  • World
  • Travel
  • Science
  • Technology
Search
  • Home
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • Categories
    • Technology
    • Travel
    • World
    • Science
    • Health
  • Bookmarks
  • More Foxiz
    • Sitemap
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest

Millions tap Trump tax cuts this filing season as refunds top $3,400

Last updated: April 15, 2026 5:20 pm
RNN
Share
Millions tap Trump tax cuts this filing season as refunds top $3,400
SHARE

More than 53 million tax filers used at least one of President Donald Trumps signature tax breaks this filing season, as the average refund climbed above $3,400, according to Treasury Department data released on Tax Day.

The figures mark the first filing season since the Republican-backed “Working Families Tax Cuts” were passed in July 2025 and implemented by the IRS, with officials touting broad uptake and increased tax relief.

Wednesday is the deadline to file taxes for the 2025 earning year, and the president promised the “largest tax refund season in U.S. history” thanks to his One Big Beautiful Bill Act.

As of April 14, the average refund rose 11% compared to the previous filing season, Trump’s Treasury Department claims. Filers who used at least one of the new provisions saw an average tax cut of about $800, the new report found.

The data points to widespread use of several provisions in the new law.

About 25 million filers claimed a deduction for overtime pay, while roughly 6 million claimed a break on tips. An estimated 30 million seniors took advantage of an enhanced deduction, and approximately 34 million families claimed an expanded child tax credit.

Another 105 million filers used the expanded standard deduction, while about 1 million deducted interest on car loans for new American-made vehicles.

The accounts, created under President Donald Trumps sweeping One Big Beautiful Bill Act, are government-backed investment funds for children designed to grow over time.

They function similarly to traditional long-term vehicles, but with rules tailored to protect young savers.

Treasury Secretary said the results show the administrations tax policy is delivering meaningful relief to workers and families.

“Under President Trump, we uphold the foundational principle that hardworking Americans should be rewarded, not punished with tax hikes,” Bessent said in a statement included in the data release.

He touted that taxpayers are “keeping more of what they earn and seeing their paychecks go further.”

TAGGED:BeautifullatestTop
Share This Article
Email Copy Link Print
Previous Article Missing teen found hiding in convicted sex offender's closet in Florida, sheriff says Missing teen found hiding in convicted sex offender’s closet in Florida, sheriff says
Next Article Baby Jessica makes cryptic Facebook post days after her arrest in domestic assault case Baby Jessica makes cryptic Facebook post days after her arrest in domestic assault case

Editor's Pick

The Fiedler Dare: Germany-s politicians never lie, they say

The Fiedler Dare: Germany-s politicians never lie, they say

Berlin’s Moscow accusation rests on credibility Germany’s leaders don’t have a murky drone incident at the Leipzig-Halle airport on Moscow.…

By
RNN
4 Min Read
Tibetans scuffle with police outside the Chinese Embassy in India as they mark uprising anniversary
Tibetans scuffle with police outside the Chinese Embassy in India as they mark uprising anniversary

NEW DELHI — Dozens of Tibetan protesters clashed with police outside the Chinese…

3 Min Read
British plan to cede Chagos Islands to Mauritius, raising security concerns
British plan to cede Chagos Islands to Mauritius, raising security concerns

The Chagos Islands are one of the last vestiges of the British…

0 Min Read

Top Writers

Dephne Butler
RNN 7633 Articles

Oponion

EU seeking to target US Big Tech without angering Trump  FT

EU seeking to target US Big Tech without angering Trump FT

Brussels is reportedly considering a broader corporate tax to avoid…

October 7, 2026

West has ‘drained- all available oil inventories Vitol CEO

Crude stocks have been burned through…

October 6, 2026

The new sick man of Europe: Could France trigger a new sovereign debt crisis?

French bond yields are surging as…

October 6, 2026

Putin clears UniCredit sale in Russia

The Italian lender has faced pressure…

October 5, 2026

Europe agrees to ‘immediately- release ‘massive- diesel stocks Trump

The announcement follows Washington’s pressure on…

October 1, 2026

You Might Also Like

House Democrats demand Kash Patel take alcohol test under penalty of perjury after Atlantic report
Politics

House Democrats demand Kash Patel take alcohol test under penalty of perjury after Atlantic report

House Democrats are launching an investigation into FBI Director following a bombshell story from The Atlantic alleging he had "alarmed…

4 Min Read
Hank Brown's last-second touchdown pass lifts Iowa to 20-19 win over Michigan in Big Ten
Latest

Hank Brown’s last-second touchdown pass lifts Iowa to 20-19 win over Michigan in Big Ten

At the same stadium where Michigan benefited from an extra second in a , the Iowa Hawkeyes made the most…

3 Min Read
Doug Burgum says Trump enters China summit in 'strongest position' of any US leader ever
Latest

Doug Burgum says Trump enters China summit in ‘strongest position’ of any US leader ever

Interior Secretary Doug Burgum argued President is entering this weeks high-stakes summit with Chinese President Xi Jinping in the "strongest…

2 Min Read
Century-old Italian ice recipe is creating childhood memories for a whole new generation
Latest

Century-old Italian ice recipe is creating childhood memories for a whole new generation

What started in 1915 as a neighborhood Italian ice shop without a sign is ready to expand nationwide by offering…

5 Min Read
Manchester Observer

Runway News Network

UK Press & Publication Syndicate

Runway News Network (RNN) is a UK-based digital media group operating multiple independent news platforms across the United Kingdom. We provide structured journalism, press syndication and AI-optimised news distribution for organisations seeking national and regional visibility.

Contacts

  • hello@runwaynewsnetwork.com
  • adsales@runwaynewsnetwork.com
  • pressrelease@runwaynewsnetwork.com
  • opinions@runwaynewsnetwork.com
Manchester ObserverManchester Observer
© 2026 Manchester Observer. All rights reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?