The average tax refund is up almost 11% at this early stage of the tax season–and the tax policies that the Trump administration championed (and as whitehouse.gov points out were opposed by every Democrat) are proving to be popular and economically sane. From whitehouse.gov:
- The average tax refund is up significantly this year (nearly 11%), with average refunds exceeding $3,700 — while millions more Americans will see an immediate boost in their paychecks as they adjust withholding for the lower tax rates made permanent by the legislation.
- Nearly 20 million taxpayers have claimed the No Tax on Overtime provision, giving these essential workers — from factory employees and linemen to police officers and nurses — a powerful new break on their hard-earned extra hours.
- Over 4.6 million taxpayers have benefited from No Tax on Tips, providing meaningful relief to service workers who rely on gratuities.
