Trump Bump: Tax refunds jumped 17% after president’s signature law, GAO reports
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4 Articles
Winning: Americans' Tax Refunds Increased by $43 Billion This Year
Americans experienced a major increase in their tax returns this year which the U.S. Government Accountability Office attributed in part to President Donald Trump's tax law. The post Winning: Americans’ Tax Refunds Increased by $43 Billion This Year appeared first on Breitbart.
The Internal Revenue Service granted $296 billion in refunds during the fiscal campaign of 2026, an increase of 17 per cent over the previous year, as millions of Americans benefited from President Donald Trump’s flagship tax law, according to a new report by the Office of Government Responsibility. The increase was $43 billion more in refunds than the IRS had granted during the 2025 fiscal campaign for fiscal year 2024. The average return also …
Trump Tax Law Helps Drive $43 Billion Surge in Americans’ Refunds
Americans received $43 billion more in federal tax refunds during the 2026 filing season than they did a year earlier, with the Government Accountability Office saying new deductions enacted under President Donald Trump’s One Big Beautiful Bill Act contributed to the sharp increase. A recent GAO report detailed the substantial jump in refunds and pointed to provisions of Trump’s tax law as one of the factors behind the larger payments received b…
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