Back to all updates

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.

Read original article