Tax filing data shows $3,700 average refund, with millions claiming no tax on tips, overtime under new law Average tax refunds have surged past $3,700 this filing season. The Trump administration credits recent tax cuts for the increase. Key provisions include no tax on overtime, tips, and enhanced senior deductions. A new long-term “Trump Account” savings program has been launched for children. Every congressional Democrat voted against the legislation creating these cuts. American taxpayers are finding a welcome financial boost this spring, with the federal government reporting average refunds have surged past $3,700. This mid-filing season windfall, confirmed by Treasury Department data, is…
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