The post IRS Refunds Climb 11 Percent While Trump Highlights 20% Back appeared on BitcoinEthereumNews.com.

As the 2026 tax filing season gains momentum, early data from the Internal Revenue Service show refunds running 10.9% higher than last year. The agency reports an average refund of $2,290 as of February 6, compared with $2,065 during the same period in 2025. More than 22.3million returns have already reached the IRS through Feb. 6th, and officials expect volumes to rise steadily through the April 15 deadline. Against that backdrop, Donald Trump has promoted what he describes as substantially larger refunds this year. Writing on Truth Social, Trump credited “THE GREAT BIG BEAUTIFUL BILL” for boosting taxpayer returns. He stated that in some cases, estimates show over 20% returned to taxpayers. He pointed to provisions such as no tax on tips, no tax on Social Security benefits for seniors, no tax on overtime, and interest deductions on car loans. Source: Donald J. Trump via X Tax Changes Driving Refund Growth Lawmakers passed the One Big Beautiful Bill Act in July 2025. The law introduced several new deductions and expanded credits. Service workers who earn under $150,000 annually can now deduct up to $25,000 in eligible tip income. Workers who log overtime hours can deduct pay from up to 250 overtime hours, depending on income limits. Seniors also benefit from a new $6,000 bonus deduction. Single filers with modified adjusted gross income below $75,000 qualify for the full amount, while married couples qualify below $150,000. These measures aim to increase take-home refunds for millions of households. The Child Tax Credit has also grown. Starting in 2025, families can claim $2,200 per qualifying child. The credit will rise each year in line with inflation. Claimants must hold a work-eligible Social Security number to qualify. The credit remains partially refundable, which allows eligible families to receive payments even if they owe little…

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Filed under: News - @ February 18, 2026 8:29 pm