NotableEconomyX (Twitter)·Treasury Department
.@PressSec: A little more than a year after President Trump signed the Working Families Tax Cuts into law, this historic legislation continues to deliver on its promise, unleashing a genuine boom for American workers, families, and small businesses. The numbers speak for themselves. This was the biggest tax refund season in American history with the average refund exceeding $3,400, an 11% increase over the last year. American families and workers claimed $82 billion in direct tax relief and 97% of filers received a tax cut. More than 29 million workers claimed No Tax on Overtime. More than 35 million seniors claimed No Tax on Social Security, and nearly eight million workers claimed No Tax on Tips. Thanks to the other pro-growth provisions in the Working Families Tax Cuts, like making the 20% small business tax deduction permanent and delivering 100% expensing for new factories, equipment and research, the Trump administration is setting up American manufacturers and workers to thrive like never before.
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Thursday, July 23, 2026 at 12:07 PM EDT
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