The Economic Times News

Trumps Big Beautiful Bill 2026 tax refunds SALT deduction relief and why homeowners may benefit most as new rules could raise April checks

Trumps Big Beautiful Bill 2026 tax refunds: The One Big Beautiful Bill Act, signed into law by Donald Trump on July 4, 2025, is set to reshape how millions of Americans experience the 2026 tax refund season. The law locks in many provisions of the 2017 Tax Cuts and Jobs Act while layering in new deductions aimed at workers, seniors, homeowners, and families. Most of these changes apply to 2025 income, meaning their impact will be felt when taxpayers file returns in April 2026.