India, Feb. 24 -- Many taxpayers in the United States could see larger refunds this filing season, thanks to expanded deductions introduced under last year's sweeping tax legislation. Tax professionals say the changes may significantly reduce taxable income for certain workers, seniors and buyers, potentially boosting refund amounts.
The updated law expands tax deductions for several categories of earners. According to the Internal Revenue Service, early filing data already indicates refunds are trending higher this season.
Mark Steber of Jackson Hewitt Tax Service told KGW that the reforms represent the most substantial tax shift he has seen in decades. "We are not only expecting bigger refunds, but a lot bigger refunds," he said.
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