Summary
On Tax Day, the deadline for most Americans to file taxes, the Trump administration reported that millions have used new tax breaks. IRS CEO Frank Bisignano is scheduled to testify about the tax filing season.
Key Facts
- Tax Day is the deadline for most Americans to file their taxes.
- The Trump administration introduced tax breaks, including no tax on tips and overtime pay.
- Other breaks include exemptions on interest for some car loans and deductions for seniors.
- "Trump Accounts" help with children’s savings.
- Over 53 million taxpayers used these new tax breaks.
- 6 million claimed no tax on tips.
- 21 million used the overtime deduction.
- 30 million older Americans claimed enhanced deductions.
- IRS CEO Frank Bisignano will testify at 10 a.m. EDT about the tax filing season.
