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IRS touts a 24% increase in tax refunds compared to the previous administration

The White House announced yesterday that average tax refunds rose 11% to $3,521 this season, according to IRS data showing an increase from last year's $3,170.
Republican legislation signed into law last year drove the refund increase, with returns up 24% compared to the four-year average before President Donald Trump took office.
Officials attributed the gains to specific breaks including deductions for car loan interest and seniors, alongside exemptions for tips and overtime affecting taxpayers across income brackets.
Addressing concerns that higher gas prices from the Iran conflict might offset these gains, an official stated increased refunds put immediate cash into taxpayer pockets.
The nonpartisan Congressional Budget Office estimates the Republican legislation will add $4.2 trillion to the national debt through 2034, per its latest Budget and Economic Outlook.

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