It's Tax Day, the deadline for filing 2025 taxes

Key Points:

• Over 53 million Americans have utilized new tax breaks from the Republican tax law, including no tax on tips, overtime deductions, and enhanced deductions for seniors, according to a Treasury official ahead of the Tax Day deadline.
• The average tax refund this season is $3,462, up 11% from last year, with the Treasury reporting a 24% increase in refunds compared to the four-year average before Trump took office.
• President Trump claimed some taxpayers are receiving refunds as high as $5,000 to $11,000, promoting the tax cuts as a success despite public concerns over high taxes and inflation.
• Republicans highlighted the tax breaks on Tax Day to emphasize putting more money in Americans’ pockets, while Democrats criticized the administration for prioritizing military spending over domestic needs amid inflation.
• The IRS has faced leadership changes and a 27% workforce reduction, with ongoing scrutiny from Democrats over the agency’s sharing of taxpayer information with immigration authorities.