A Look at the First-Year Results of the Working Families Tax Cuts

American Families and Workers Claimed Over $82 billion in Individual Relief Directly from the Working Families Tax Cuts WASHINGTON – As America celebrates its 250th anniversary, we also mark another milestone: one year since President Trump signed the Working Families Tax Cuts into law. Treasury’s analysis of the first filing season under the law provides an early measure of the Working Families Tax Cuts impact and the tax relief delivered to low- and middle-income American families and workers across the country.“One year ago, President Trump signed the Working Families Tax Cuts into law, and it took only a single tax season for American families and workers to overwhelmingly benefit from lower taxes, bigger refunds, and increased take home pay,” said Secretary Scott Bessent.