refund of over $3,700, according to the Department of the Treasury."} 55:{"type":"p","text":"Refunds are accompanied by a wide range of other benefits introduced this year under the One Big Beautiful Bill Act (OBBB)."} 56:{"type":"p","text":"The OBBB, signed into law by President Donald Trump last July, introduced tax deductions for various taxpayers—seniors, workers receiving tips or overtime pay, and individuals who pay interest on car loans."} 57:{"type":"p","text":"The IRS published Schedule 1-A, which can be used to claim these deductions when taxpayers file their annual Form 1040 returns."} 58:{"type":"p","text":"The IRS enhanced its Tax Withholding Estimator tool to include updates to new credits and deductions made under the OBBB. This is a free tool for workers and retirees to estimate the federal income tax that must be withheld from their paychecks for the upcoming tax year."} 59:{"type":"p","text":"Over 15.5 million returns have claimed no tax on overtime, said the Treasury, adding that more than 9.2 million returns have claimed the Enhanced Deduction for Seniors, and over 3.5 million returns have claimed no tax on tips."} 5a:{"type":"p","text":"“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,” Treasury Secretary Scott Bessent said in a statement."} 5b:{"type":"p","text":"Besides tax benefits, nearly 3.5 million Trump Accounts have been opened, according to the Treasury, with over 800,000

$1.2 Billion in Tax Refunds Remain Unclaimed: IRS

Dovish or Hawkish? Fed’s Waller, Bowman Debate Next Steps for Interest Rates

New EV Sales Slide in February, but High Fuel Prices May Shift Consumer Sentiment: Report

Troops Discharged Over COVID-19 Vaccine Refusal Have More Time to Rejoin: Hegseth