VIDEO: Senator Moody Champions One Year of No Tax on Tips, No Tax on Overtime, No Tax on Social Security and Other Working Families Tax Cuts Wins

WASHINGTON, D.C.-Senator Ashley Moody recently took to the Senate Floor today to share Floridians' excitement following the one-year anniversary of the Working Families Tax Cuts-legislation that included no tax on Social Security, no tax on tips, and no tax on overtime. Senator Moody recently traversed Florida, meeting with hundreds of law enforcement officers, restaurant service workers, teachers and parentstouting the many wins for Floridians included in the landmark tax cuts package.

"It is clear that Floridians are thrilled about the major wins we secured one year ago with the Working Families Tax Cuts. Families and small businesses know how to spend their money far better than bureaucrats in Washington ever will-and with this largest tax cut in history, Floridians and Americans alike are able to achieve more with more of the own hard-earned money in their wallets," said Senator Ashley Moody.

BACKGROUND:

• American families and workers have claimed $82 billion in individual relief directly from the Working Families Tax Cuts. Americans received $325 billion in total tax refunds.
• This past tax filing season, 97% of Americans received a tax cut.
• More than 7.5 million have claimed No Tax on Tips.
• More than 29 million have claimed No Tax on Overtime.
• More than 35 million seniors have claimed the Enhanced Deduction for Seniors.
• Floridians brought home the largest average federal tax refunds in the country-Florida filers brought home an average refund of nearly $4,500 compared to the national average refund of $3,300.
• The WFTC package also created child-owned investment accounts. For every baby born from 2025 through 2028 whose parents open one of these accounts, the U.S. Treasury will invest $1,000.
• More than 5.5 million child-owned investment accounts have been opened nationwide so far, with 1.4 million eligible for the $1,000 pilot program contribution.
• 40 million families have taken advantage of the enhanced Child Tax Credit that the WFTC doubled.

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