Trump's Tax Cuts: Biggest Refunds Ever
Update: 2025-12-20
Description
President Trumps Tax Cuts: Bigger Refunds Expected Next SpringThe episode discusses the potential for larger tax refunds next spring due to President Trumps One Big Beautiful Bill Act. The law includes new deductions like tips and overtime pay, a senior bonus deduction, and a quadrupled state and local tax write-off. Tax professionals report a surge in year-end planning as families adjust income to qualify for deductions. Self-employed individuals and retirees can delay income, while workers can increase 401(k) contributions. Updated withholding tables in 2026 are expected to show tax cuts in paychecks, providing a first look at the laws impact on American wallets.
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