Almost every US tax filer got a cut this year, coming to $82B in relief: Treasury Department
AI Summary
Almost every US tax filer benefited from an $82 billion tax relief package this year, averting a potential $5 trillion tax hike due to the expiration of Trump's 2017 tax cuts that had reduced IRS funding. This relief comes as a crucial safeguard against a major tax overhaul that could have significantly increased tax burdens for many families. The move underscores the government's effort to stabilize the tax system and protect taxpayers from abrupt and substantial changes.
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