Almost every US tax filer got a cut this year, coming to $82B in relief: Treasury Department

Source: New York Post

Nearly every person who filed taxes this year received a tax cut, coming to a whopping $82 billion in relief, according to the Treasury Department. Data released Tuesday showed 97% of filers scored a cut, courtesy of the One Big Beautiful Bill Act passed last year. Without the new law, those taxpayers would have been hit with a $5 trillion tax hike from the expiration of Trump’s landmark 2017 law that slashed payments to the IRS, according to Treasury.