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Tax Foundation · Dec 17, 2025
Tax Refunds and the One Big Beautiful Bill Act
Tax Brief summary and classification of the original reporting.
Bottom Line
💡 Tax Refunds and the One Big Beautiful Bill Act. Review and take action if applicable to your clients.
Summary
When taxpayers file their 2025 tax returns in 2026, many will see larger refunds than in recent years. That’s due to the One Big Beautiful Bill Act (OBBBA), which reduced individual income taxes for 2025 by an estimated $144 billion.
Classification
Category: heads upPriority: action neededReason: Contains 'big beautiful bill' - action may be required
Applies To
1040
Affected Groups
Individual return preparers
Related Topics
Original Source
We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.
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