Washington this week: Changes to federal tax law produced larger refunds for many filers, with average refunds reported near $3,600, a roughly ten percent increase from last year. Financial advisers urged recipients, ahead of Tax Day, to prioritize high-interest debt repayment, expand emergency savings, or invest in energy-efficient home improvements. Washington Tuesday: Treasury officials said more than 53 million filers claimed at least one new exemption this filing season, including six million claiming no tax on tips, 21 million using overtime deductions and about 30 million older filers taking enhanced deductions. Polling cited by outlets shows 7 in 10 Americans still view taxes as too high.
Prepared by Christopher Adams and reviewed by editorial team.
Millions of filers claimed new deductions: Treasury said more than 53 million Americans used at least one new exemption this filing season, including 6 million claiming no tax on tips, 21 million claiming an overtime deduction, and about 30 million older filers taking enhanced deductions.
Despite larger refunds for many, polling cited in coverage shows seven in ten Americans still consider their taxes too high; taxpayers with persistent high living costs or high-interest debts may feel limited net benefit despite one-time refunds.
Millions claim exemptions as average refunds increase nationwide
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