Trump accounts have signed up 5 million children, and 1.2 million are eligible for a $1,000 pilot program contribution, Treasury Secretary Scott Bessent said during CNBC’s Invest in America Forum on Wednesday. Enacted via President Donald Trump‘s “big beautiful bill,” the new tax-deferred investing accounts for children will officially launch on July 4. While all…
Artiemedvedev | Istock | Getty Images The average tax refund is 11.1% higher so far this season, compared with about the same period in 2025, according to the latest IRS filing data. As of April 3, the average refund amount for individual filers was $3,462, up from $3,116 about one year ago, the IRS reported on Friday. The IRS…
Antonio Garcia Recena | Moment | Getty Images The average tax refund is about $350 higher so far this season, compared with about the same period in 2025, according to the latest IRS filing data. As of March 27, the average refund amount for individual filers was $3,521, up from $3,170 roughly one year ago, the IRS reported on…
Alistair Berg | Digitalvision | Getty Images Older Americans stand to benefit from tax changes in President Donald Trump’s “big beautiful bill,” which went into effect for 2025. “What is the one group of people who are going to be benefiting most from tax changes in the past year? It’s almost certainly going to be…
President Donald J. Trump exits the House Chamber after delivering the first State of the Union address of his second term to a joint session of Congress in the House Chamber of the U.S. Capitol in Washington, Feb. 24, 2026. Kenny Holston/the New York Times | Via Reuters As Americans receive their tax refunds this…
Pheelings Media | Istock | Getty Images The average tax refund is 10.9% higher so far this season, compared with about the same period in 2025, according to the latest IRS filing data. As of March 20, the average refund amount for individual filers was $3,571, up from $3,221 roughly one year ago, the IRS reported on Friday. The…
Tunyada Kongkapan | E+ | Getty Images A growing number of filers are facing tax refund delays amid a government-wide phaseout of paper checks. House Ways and Means Committee Democrats this week sent another letter to Treasury Secretary Scott Bessent, with “additional concerns” about roughly 1.4 million IRS notices sent to filers about refund delays…
Chicago attorney Rachel Cohen owes more than $8,000 in federal income taxes — but has intentionally left that balance unpaid. “I’m not paying my federal income tax this year,” Cohen said in a widely viewed TikTok video from March 2 about her decision. The 31-year-old community organizer filed her federal tax return, which shows a…
Granger Wootz | Tetra Images | Getty Images The average tax refund is 10.8% higher so far this season, compared with about the same period in 2025, according to the latest IRS filing data. As of March 13, the average refund amount for individual filers was $3,623, up from $3,271 about one year ago, the IRS reported on Friday….
Photoalto/eric Audras | Photoalto Agency Rf Collections | Getty Images With the federal tax deadline less than one month away, tax refunds are higher on average compared with last year, but the change has been smaller than some early projections. In a January release, the White House said average tax refunds could increase “by $1,000 or…
