U.S. Department of the Treasury

03/10/2026 | Press release | Distributed by Public on 03/10/2026 11:05

President Trump’s Tax Cuts are Putting More Money Back into the Pockets of American Families and Workers

Nearly 45% of Tax Returns Claimed At Least One of

President Trump's New Tax Cuts

WASHINGTON - At the midpoint of the 2026 tax filing season, households across America are reaping the benefits of President Trump's Working Families Tax Cuts with millions of working families receiving bigger refunds and increased take-home pay.

"Halfway through this filing season, the Working Families Tax Cuts are already delivering meaningful relief to middle- and low-income taxpayers, increasing after-tax income and putting more money back into the pockets of American families, workers, and small business owners," said Treasury Secretary Scott Bessent. "Treasury and the IRS have worked tirelessly to ensure that relief was delivered efficiently, securely, and on time. This filing season reflects our commitment to making the tax system work for working families. Because of the landmark legislation signed into law by President Trump, millions of Americans are keeping more of what they earn and seeing their paychecks go further than ever before."

As of March 8, 2026:

  • Nearly 63.5 million tax returns have been processed - 45 percent of the anticipated total number of tax returns by April 15 - with an average refund over $3,700.
  • Nearly 45 percent of tax returns - over 27.5 million - claimed at least one of President Trump's new tax cuts on Schedule 1-A.
    • Over 3.5 million returns have claimed No Tax on Tips
    • Over 15.5 million returns have claimed No Tax on Overtime
    • Over 9.2 million returns have claimed the Enhanced Deduction for Seniors
  • Over 690,000 returns have claimed No Tax on Car Loan Interest
  • Nearly 3.5 million Trump Accounts have been opened; over 800,000 qualify for the $1,000 pilot program.

Read more here.

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U.S. Department of the Treasury published this content on March 10, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on March 10, 2026 at 17:06 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]