Tag Archive for: trump accounts

Now That You’re Done With Your Taxes, Here’s What To Know For 2026
While the 2025 filing year has wrapped up for most people, recent tax law changes—some introduced last summer and others already in effect—are still shaping how you should approach the year ahead. Here are the key moves to consider for 2026.

Tax Refunds Up Nearly 11%, With Over 37 Million Cashing In On New Tax Breaks
About 44% of filers—around 37.5 million people—have claimed at least one of the new provisions under the One Big Beautiful Bill, including exemptions on tips and overtime pay. The average refund currently stands at $3,571, up from $3,221 in 2025.

Trump Accounts Aren’t Exactly ‘Tax-Free,’ As President Said. Here’s How They Work
Created under the 'Big Beautiful Bill', the accounts will function similarly to a traditional IRA once a child turns 18, according to guidance issued in December by the U.S. Department of the Treasury and the IRS.
