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Kiplinger
Kiplinger
Business
Kate Schubel

Five Ways Trump’s 2025 Tax Bill Could Boost Your Tax Refund (or Shrink It)

Multiple hundred dollar bills on top of a federal tax refund check.

You’ve heard about the recent “Trump megabill,” but how will it affect your tax refund? While some provisions could increase your tax liability next year, others might give you a serious payday.

For instance, the IRS reports that 9 out of 10 taxpayers don’t itemize deductions. And if that’s you, a permanently higher standard deduction could give you more money back.

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