Treasury secretary says Americans can already see refunds as Trump’s tax breaks kick in

Treasury secretary says Americans can already see refunds as Trump’s tax breaks kick in – CBS News Watch CBS News Treasury Secretary Scott Bessent said Americans are already seeing record refunds as President Trump’s new tax breaks start to kick in. Nancy Cordes reports. Source link

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

NEWYou can now listen to Fox News articles! More than 53 million tax filers used at least one of President Donald Trump’s 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 … Read more

On filing deadline, GOP blasts Democrats for opposing Trump tax cuts, ‘making life more expensive’

NEWYou can now listen to Fox News articles! FIRST ON FOX: On the deadline for Americans to file their taxes, Senate Republicans are targeting Democrats for voting against tax cuts the GOP passed and President Donald Trump signed into law last summer. The National Republican Senatorial Committee (NRSC), the Senate GOP’s campaign arm, on Wednesday … Read more

It’s Tax Day. Here’s how big the average tax refund is in 2026.

As another Tax Day arrives, the average refund this year is $3,462, up 11%, or around $350, from 2025, according to IRS data.  “Aggregate refunds are up, average refunds are up, and clearly millions, if not tens of millions, of taxpayers are claiming one of the new deductions” under the “One Big Beautiful Bill Act” … Read more