Source: Town Hall
by EJ Antoni, Ph.D.
“While families struggle with high gas prices in the wake of the Iran war, many American workers are getting help this year from an unlikely place: the Internal Revenue Service. Tax refunds from the IRS are up almost 14% from last year — another reason to file your taxes by Wednesday’s deadline, especially if you’re affected by a handful of changes to the tax code. Last Summer, the One Big Beautiful Bill became law, preserving some tax cuts that would’ve expired but also introducing a few new tax cuts too. Because many of the law’s provisions were made retroactive for the entirety of 2025, these changes significantly reduced some Americans’ tax liabilities, resulting in today’s big refunds.” (04/14/26)