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BTCC / BTCC Square / Global Cryptocurrency /
Trump Announces Potential 20%+ Tax Refund Increase Through New Legislation

Trump Announces Potential 20%+ Tax Refund Increase Through New Legislation

Author:
Global Cryptocurrency
Published:
2026-02-18 02:27:01
15
3
BTCCSquare news:

Former President Donald TRUMP claims taxpayers could see refunds surge over 20% due to provisions in his proposed "One Big Beautiful Bill." The legislation would eliminate federal taxes on tips, overtime pay, and Social Security benefits while introducing new deductions like car loan interest.

The changes aim to let Americans retain more income throughout the year, with the IRS processing larger refunds during 2025 tax filings. Trump emphasized these measures build upon the expiring Tax Cuts and Jobs Act provisions, now extended under the new bill.

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