As we move beyond this year’s tax filing deadline, new data shows that millions of Americans are benefiting from President Trump’s tax relief measures.
According to the White House, more than 30 million senior citizens claimed a special deduction, averaging over $7,500 per household.
In total, over 53 million Americans (45% of all filers) have taken advantage of at least one of the new tax cuts introduced under Donald Trump. About six million filers used the “No Tax on Tips” provision, while more than 25 million claimed the “No Tax on Overtime” provision, averaging around $3,100 in deductions.
Did you benefit from the new tax deductions for seniors, tips or overtime?
