Trump Bump: Tax refunds jumped 17% after president’s signature law, GAO reports:…

Assessment

The GAO reports a 17 percent jump in total tax refunds for 2025 compared to 2024. The increase is attributed to a law the president signed. What matters is whether the refund growth came from lower withholding, a policy change in credits, or simply more returns filed early. Watch for breakdowns by income bracket to see who actually benefitted.