US Tax Day 2026: Trump admin says millions used 'no tax on tips,' overtime deductions, average refunds at $3,462
New Delhi, April 16 -- The Trump administration used Tax Day on Wednesday to highlight widespread uptake of new tax benefits under its Republican tax and spending law, releasing figures showing tens of millions of Americans have already benefited from expanded deductions and exemptions.
According to a Treasury official, more than 53 million tax filers claimed at least one deduction under the new provisions this filing season.
-6 million taxpayers claimed the "no tax on tips" provision
-21 million taxpayers benefited from overtime tax deductions
-30 million older Americans used enhanced senior deductions
-Millions more accessed additional reliefs, including exemptions on certain car loan interest and child savings accounts ("Trump Acc...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.