53 million tax filers claimed Trump's new tax cuts, leading to increased refunds
Over 53 million U.S. tax filers claimed at least one of the new tax cuts introduced by the One Big Beautiful Bill Act (OBBBA) in July 2025, resulting in an average refund of over $3,400, up 11% from the previous year. Key changes included higher SALT deductions, no tax on tips and overtime, and a doubled standard deduction.
Topics: federal tax policy refunds SALT deduction tax cuts tax law changes