Business3/9/2026•CNN

Was your refund bigger this year due to Trump’s tax cuts? Tell us about it | CNN Business

Was your refund bigger this year due to Trump’s tax cuts? Tell us about it | CNN Business

President Donald Trump’s “big, beautiful bill” created several new tax measures that eligible taxpayers could claim this filing season. They include tax breaks on tips and overtime income, an enhanced deduction for senior citizens, a new deduction for car loan interest and a higher cap on state and local tax deductions. Trump administration officials and Republican lawmakers are touting that taxpayers are receiving bigger refunds this year thanks to the sweeping package. Refunds on average have been running about 11%, or $346, higher than last year, as of early April, according to the Internal Revenue Service. But that’s far less than the $1,000 boost Trump had promised earlier. Not everyone is eligible for the new tax relief provisions, most of which come with income limits and other caveats. That is making it more difficult for some taxpayers to benefit. Did you file for these new tax breaks? What was your experience in trying to claim them? What are you doing with your refund? Share your story with us. You may be contacted by a CNN reporter for a future story. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which i

Source: For the complete article, please visit the original source link below.

Source: CNNEnhanced summary
Share:

Related Articles

Like Biden, Trump has an inflation problem. Unlike Biden, Trump’s is self-inflicted | CNN Business
💼 BusinessMay 14•1 min read

Like Biden, Trump has an inflation problem. Unlike Biden, Trump’s is self-inflicted | CNN Business

Nissan ponders building cars for Chinese rivals at Sunderland plant
💼 BusinessMay 13•1 min read

Nissan ponders building cars for Chinese rivals at Sunderland plant

Lab testing group Intertek to back £10.6bn takeover by Swedish firm EQT
💼 BusinessMay 13•1 min read

Lab testing group Intertek to back £10.6bn takeover by Swedish firm EQT

UK housebuilder Vistry warns of ‘significantly’ lower profits amid Iran war uncertainty
💼 BusinessMay 13•1 min read

UK housebuilder Vistry warns of ‘significantly’ lower profits amid Iran war uncertainty

Lotus boss calls for UK government support as it commits to Norfolk plant
💼 BusinessMay 12•2 min read

Lotus boss calls for UK government support as it commits to Norfolk plant

Trump wants to lift the federal tax on gas. But don’t expect much relief even if it happens | CNN Business
💼 BusinessMay 11•1 min read

Trump wants to lift the federal tax on gas. But don’t expect much relief even if it happens | CNN Business