Over 53 million
Americans across the country are taking advantage of President Trump and
Republicans' Working Families Tax Cuts.
The Working Families Tax Cuts Act
has made a huge impact on millions of hardworking Americans:
- The average refund this filing
season is over $3,400 - up 11% from last year
- The average tax cut for
benefiting filers is over $800
- Over 6 million filers claimed
No Tax on Tips (avg. $7,100 deduction)
- Over 25 million filers claimed
No Tax on Overtime (avg. $3,100 deduction)
- Over 30 million seniors claimed
the enhanced deduction (avg. $7,500)
- Over 1 million filers claimed
No Tax on Car Loan Interest (avg. $1,800 deduction)
- Nearly 5 million Trump Accounts
opened, with 1.2 million eligible for the $1,000 contribution
- Over 34 million families
claimed the expanded Child Tax Credit
- Over 105 million filers
benefited from the permanently doubled standard deduction
Every
single Democrat voted against the Working Families Tax Cuts, but thanks to
President Trump and Republicans, Americans are seeing their biggest tax refunds
yet.
