Washington, D.C.—The Working Families Tax Cuts not only prevented the largest tax hike in American history but also provided Americans with significant new tax relief. New figures from the U.S. Department of the Treasury show how new tax deductions and credits tied directly to wages, children, tips, overtime benefited millions of working-class Americans this filing season. Altogether, individual relief directly from the law put $82 billion back in Americans’ pockets. The largest benefits went to working-class families, as 96 percent of filers receiving a tax cut from one of President Trump’s signature tax relief provisions earned less than $200,000, and nearly 70 percent earned less than $100,000.
“The vast majority of people receiving tax cuts thanks to Republican tax relief are from working- and middle-class households,” said U.S. Senate Finance Chairman Mike Crapo (R-Idaho). “The Working Families Tax Cuts combine lower rates for all Americans with targeted deductions to ensure those who most need it can keep more of what they earn.”
Key wins:
What they are saying:
“This analysis confirms President Trump’s tax policies deliver substantial tax cuts to hardworking Americans and provide greater relief and financial certainty to low- and middle-income households. Under President Trump, our federal tax code and system reflect the American people’s mandate to reject policies that punish success with tax hikes and embrace those that restore fairness, reward work, respect hard-earned paychecks, and reignite the American Dream.” – U.S. Secretary of the Treasury Scott Bessent
“It does seem appropriate to declare passage of the bill as a clear victory for taxpayers. Tax refunds are larger this year than last year, and more Americans are receiving them … working families in particular are benefiting from these tax cuts.” – National Taxpayers Union Senior Policy Manager David Timmons
Click HERE to learn more about how the law helped the working class this tax filing season.
Click HERE to learn more about the Finance Committee provisions in the Working Families Tax Cuts.
