The Treasury Department says 53 million Americans used new Trump tax exemptions before the deadline April 15th tax deatline. (EXPIRES AT MIDNIGHT) VERBATIM: It’s Tax Day, the deadline for most Americans to file taxes, and the Trump administration says millions of people have already used new breaks such as no tax on tips and overtime, […]
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Treasury says 53 Million Americans used Trump Tax Exemptions
The Treasury Department says 53 million Americans used new Trump tax exemptions before the deadline April 15th tax deatline. (EXPIRES AT MIDNIGHT)
VERBATIM:
It’s Tax Day, the deadline for most Americans to file taxes, and the Trump administration says millions of people have already used new breaks such as no tax on tips and overtime, exemptions for interest on certain car loans, deductions for some seniors, and Trump Accounts for children’s savings.
More than 53 million filers claimed a deduction under one of those provisions from Republicans’ massive tax and spending law, with 6 million people claiming no tax on tips, 21 million claiming the overtime deduction and 30 million older Americans claiming the enhanced deduction.
Bernie Bennett, Washington.