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IRS touts a 24% increase in tax refunds compared to the previous administration
The IRS says the average refund is $3,521, while the White House credits Republican tax changes for a 24% rise from the pre-Trump average.
- On Thursday, the Trump administration reported average tax refunds rose 11% to $3,521 this season, according to the latest IRS data, crediting Republican tax legislation for the increase.
- The One Big Beautiful Bill Act extended expiring tax rates and created new deductions, requiring the Treasury Department and IRS to implement new rules for processing returns.
- Refunds this season are up 24% compared with the four-year average before President Donald Trump took office, exceeding the White House's January projection of at least $1,000 in additional returns.
- While higher refunds provide financial relief for household budgets, several states reported that state-level tax refunds may be delayed due to system updates required for OBBBA changes.
- The nonpartisan Congressional Budget Office estimates the Republican tax and spending law will add $4.2 trillion to the national debt through 2034, while officials face questions about whether higher gas prices could offset refund benefits.
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Associated Press News+15 Reposted by 15 other sources
IRS touts a 24% increase in tax refunds compared to the previous administration
The Trump administration is highlighting a 24% increase in individual tax refunds this season compared with those issued during the previous administration.
·New York, United States
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Trump Tax Plan Credited With Higher Refunds, Lower Taxes
The White House is highlighting early results from President Donald Trump’s latest tax law, saying millions of Americans are already seeing larger refunds and higher take-home pay. In a statement, White House spokeswoman Liz Huston said the changes are aimed at helping working families keep more of what they earn. “Thanks to President Trump signing
Coverage Details
Total News Sources21
Leaning Left7Leaning Right4Center8Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 37%
C 42%
R 21%
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