Bessent says nearly half of US tax filers claim new deductions in Republican tax law
WASHINGTON, March 30 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Monday that individual tax refunds during the 2026 tax filing season are up more than 10% over last year, with nearly half of filers claiming new deductions offered in the Republican tax cut law passed last year. Bessent told Fox and Friends that 25% of the tax returns that the IRS has received so far have claimed a deduction for overtime premium pay earned in 2025, which he called "the home run" of deductions. Filers also are claiming deductions for no tax ...
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