Trump Administration's Tax Exemptions Utilized by 53 Million Filers, Treasury Reports
On Tax Day, the Trump administration announced that over 53 million Americans have taken advantage of new tax exemptions introduced under the Republican tax and spending law. These exemptions include no tax on tips and overtime, interest exemptions on certain car loans, and deductions for seniors. A Treasury official revealed that 6 million filers claimed no tax on tips, 21 million claimed the overtime deduction, and 30 million older Americans claimed the enhanced deduction. Despite these measures, recent polling indicates that 70% of Americans still feel their taxes are too high. The average tax refund has increased by 11% from the previous year, with the current average refund amounting to $3,462. 
