💥BREAKING:
🇺🇸 PRESIDENT TRUMP SAYS AMERICANS COULD SEE THE LARGEST TAX REFUNDS EVER IN 2026, calling it the "largest refund season of all time."
The President attributes the large projected refunds to the "One Big Beautiful Bill Act" (OBBBA) which makes the 2017 tax cuts permanent and adds significant new deductions.
The new law creates several temporary tax breaks, including:
A deduction for qualified tip income (up to $25,000 for joint filers).
A deduction for qualified overtime pay (up to $25,000 for joint filers).
A new, temporary deduction of $6,000 for seniors (age 65+).
The President's claim that many families are expected to save between $11,000 and $20,000 per year aligns with his public statements on the bill's benefits, though independent analyses suggest this level of savings is likely limited to the top earners and those who benefit from the new deductions.
