Trump Bump: Tax Refunds Jumped 17% After President's Signature Law, GAO Reports, $43 Billion More in Refunds

Nicholas Ballasy : Aug 18, 2026
Just The News

[JustTheNews.com] The Internal Revenue Service issued $296 billion in refunds during the 2026 filing season, a 17% increase from the previous year, as millions of Americans benefited from President Donald Trump's signature tax law, according to a new Government Accountability Office report. The increase represented $43 billion more in refunds than the IRS had issued during the 2025 filing season for tax year 2024. The average refund also increased by $333, or 11%, compared with the previous year, according to the full report... Subscribe for free to Breaking Christian News here Click Here to read. (Image: iStock)