Millions of taxpayers could see a lower tax bill next year due to the so-called “big, beautiful bill” that was signed into law on July 4 by President Trump, with a recent analysis finding that every income group will see some savings.
On average, taxpayers will save about $2,900 per household in 2026, according to the analysis from the Tax Policy Center, a nonpartisan think tank focused on taxes. But higher-income Americans are more likely to see a bigger relative boost than lower-income households, their analysis found.
The new law extends…
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