John Thune: “Tax filing season is no one's favorite season, but thanks to the working families tax cuts, things are looking up this…”

“Tax filing season is no one's favorite season, but thanks to the working families tax cuts, things are looking up this year. Americans filing their taxes are looking at a host of new tax relief. Taxpayers can take advantage of this relief for the 2025 tax year, which means a lot of Americans are going to be seeing bigger refunds this spring. That starts with the newly enhanced child tax credit. Back in 2017, Republicans doubled the child tax credit from $1,000 to $2,000 per child. With the working families tax cuts, we made that relief permanent and not just permanent, we boosted the tax credit again by hundreds of dollars, and we linked it to inflation so its value will never go down. Parents filing their taxes this year can take advantage of this additional relief. Then there is the new tax relief for older Americans--$6,000 bonus deduction for low- and middle-income seniors. Seniors will be able to save hundreds and, in some cases, even more on their taxes. Again, that applies to the 2025 tax year as well, which means seniors will start seeing that relief this spring. Tax filers of all ages will be taking advantage of the enhanced standard deduction this year. Back in 2017, Republicans nearly doubled the standard deduction, which is claimed by 90 percent of taxpayers in this country, and with the Working Families Tax Cuts, we boosted that deduction still further. Once again, the effects of that will be showing up in Americans' tax refunds this spring.”