Big Tax Refunds, New Kid Accounts: 2026 Tax Season
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Tax refunds surge this season, up 11% to $3,571, with 44% of filers benefiting from the One Big Beautiful Bill Act. Key deductions include up to $25,000 off tip income, overtime pay premiums, extra $6,000 for seniors, and new U.S.-made auto loan interest. Seniors see biggest refund jumps. Meanwhile, six million kids set for Trump Accounts with $1,000 Treasury seed. Rising oil prices impact savings, but admin eases shipping rules. Deadline approaching, prioritize debt or savings with refund.
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