Was your refund bigger this year due to Trump’s tax cuts? Tell us about it
By Tami Luhby, CNN
(CNN) — President Donald Trump’s “big, beautiful bill” created several new tax measures that eligible taxpayers could claim this filing season.
They include tax breaks on tips and overtime income, an enhanced deduction for senior citizens, a new deduction for car loan interest and a higher cap on state and local tax deductions.
Trump administration officials and Republican lawmakers are touting that taxpayers are receiving bigger refunds this year thanks to the sweeping package. Refunds on average have been running about 11%, or $346, higher than last year, as of early April, according to the Internal Revenue Service. But that’s far less than the $1,000 boost Trump had promised earlier.
Not everyone is eligible for the new tax relief provisions, most of which come with income limits and other caveats. That is making it more difficult for some taxpayers to benefit.
Did you file for these new tax breaks? What was your experience in trying to claim them? What are you doing with your refund?
Share your story with us. You may be contacted by a CNN reporter for a future story.
The-CNN-Wire
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