{"id":127843,"date":"2026-04-15T11:44:09","date_gmt":"2026-04-15T15:44:09","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/millions-tap-trump-tax-cuts-this-filing-season-as-refunds-top-3400-127843"},"modified":"2026-04-15T11:44:09","modified_gmt":"2026-04-15T15:44:09","slug":"millions-tap-trump-tax-cuts-this-filing-season-as-refunds-top-3400","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/millions-tap-trump-tax-cuts-this-filing-season-as-refunds-top-3400-127843","title":{"rendered":"Millions tap Trump tax cuts this filing season as refunds top $3,400"},"content":{"rendered":"
\n

More than 53 million tax filers used at least one of President Donald Trump\u2019s signature tax breaks this filing season, as the average refund climbed above $3,400, according to Treasury Department data<\/a> released on Tax Day.<\/p>\n

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 Trump administration<\/a> officials touting broad uptake and increased tax relief.<\/p>\n

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.<\/p>\n

TAX EXTENSION FILERS BEWARE: PAYMENTS ARE STILL DUE TO THE IRS BY APRIL 15<\/strong><\/a><\/p>\n

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.<\/p>\n

The data points to widespread use of several provisions in the new law.<\/p>\n

About 25 million filers claimed a deduction for overtime pay, while roughly 6 million claimed a tax<\/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.<\/p>\n

TAX DAY IS TODAY: AVOID THESE 5 COMMON MISTAKES THAT CAN COST YOU MONEY<\/u><\/strong><\/a><\/p>\n

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

Treasury also said more than 5 million “Trump Accounts<\/a>” have been opened, including about 1.2 million eligible for a $1,000 pilot program contribution.<\/p>\n

The accounts, created under President Donald Trump\u2019s sweeping One Big Beautiful Bill Act, are government-backed investment funds for children designed to grow over time.<\/p>\n

They function similarly to traditional long-term investment<\/u><\/a> vehicles, but with rules tailored to protect young savers.<\/p>\n

Treasury Secretary Scott Bessent<\/a> said the results show the administration\u2019s tax policy is delivering meaningful relief to workers and families.<\/p>\n

“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.<\/p>\n

He touted that taxpayers are “keeping more of what they earn and seeing their paychecks go further.”<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/politics\/millions-tap-trump-tax-cuts-filing-season-refunds-top-3400 <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

More than 53 million tax filers used at least one of President Donald Trump\u2019s signature tax breaks this filing season, as the average refund climbed […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-127843","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nMillions tap Trump tax cuts this filing season as refunds top $3,400 - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/millions-tap-trump-tax-cuts-this-filing-season-as-refunds-top-3400-127843\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Millions tap Trump tax cuts this filing season as refunds top $3,400 - 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