People walk in front of the U.S. Supreme Court building on their way to attend oral arguments on President Donald Trump’s bid to preserve sweeping tariffs after lower courts ruled that Trump overstepped his authority, in Washington, Nov. 5, 2025. Nathan Howard | Reuters The Supreme Court struck down a centerpiece of President Donald Trump’s…
On the heels of a massive publicity push, families have signed up about 3 million kids for Trump accounts, according to the U.S. Department of the Treasury — well ahead of the July launch date. The “free money” is likely a major incentive. The federal government has said it will make a one-time $1,000 contribution…
Jose Luis Pelaez Inc. | Blend Images | Getty Images The average tax refund is 14.2% higher so far this season, compared to about the same period in 2025, according to early IRS filing data. As of Feb. 13, the average refund amount for individual filers was $2,476, up from $2,169 about one year prior, the IRS…
On the heels of a massive publicity push, including a Super Bowl 60 ad and a billboard in New York’s Times Square, families have filed about 2 million forms to open Trump accounts, Treasury Secretary Scott Bessent said at an event near Dallas on Friday. “As we approach 2 million forms, that will probably be…
Artistgndphotography | E+ | Getty Images With many expecting a bigger tax refund this season, there may be an incentive to file returns sooner. But that doesn’t mean you should rush to send yours. First, you’ll need all the necessary tax forms, or you could risk processing delays — or worse, experts say. Every year,…
D-keine | E+ | Getty Images The average tax refund is 10.9% higher so far this season, compared to about the same point in 2025, according to early filing data from the IRS. The 2026 tax season opened Jan. 26, and the average refund amount was $2,290 as of Feb. 6, up from $2,065 about…
Amid the flurry of promotions for Trump accounts, families now have another way to opt in to the investing accounts for kids and claim seed money of up to $1,000. Parents or guardians can now start the process to open a Trump Account by filing IRS Form 4547 electronically via TrumpAccounts.gov. They can also…
Fcafotodigital | E+ | Getty Images The IRS kicked off the 2026 tax season on Monday, and filers will see changes from President Donald Trump‘s “big beautiful bill” that could impact their 2025 returns. About 164 million individual tax returns are expected before the April 15 deadline, and many could receive bigger tax refunds after…
Stefanikolic | E+ | Getty Images As tax season opens Monday, families with minor children have the option to register for Trump accounts — plus a one-time federal government contribution — when filing 2025 returns. Enacted via President Donald Trump‘s “big beautiful bill,” Trump accounts were designed to start early wealth building with a one-time…
Halfpoint Images | Moment | Getty Images As President Donald Trump embraces more policy focused on affordability, some lawmakers have pushed to expand tax credits for families. The Republican Study Committee this week released a framework for a second budget bill, known as “Reconciliation 2.0,” which outlines priorities like homeownership, health care, energy prices and…
