You Could Get a Bigger Tax Refund This Year — Here’s Why and What To Do With It

Taxpayers can expect bigger-than-usual refunds when they file their 2025 tax returns this year, largely because of provisions in the One Big Beautiful Bill Act (OBBBA).

Here’s a look at the the seven major tax cuts that took effect in 2025 under the OBBBA and that could boost your tax refund this year, according to the Tax Foundation: