READ MORE: At @bipartisanpolicy.org we'll continue diving in on these topics. For more...
Our filing season brief: bipartisanpolicy.org/issue-brief/...
Our analysis of what's driving higher refunds: bipartisanpolicy.org/explainer/wh...
Takeaways from our poll: bipartisanpolicy.org/article/take...
THE KNOWN AND UNKNOWN UNKNOWNS: There remain lots of research Qs to chew on from this filing season, including:
- Why were OT claims so high?
- How many claimed higher SALT?
- Will info reporting change future tips/OT claims?
- Will any of these tax cuts cost more than expected?
It's Tax Day! Here's a thread on what we know about how the tax filing season has gone so far. 🧵
REFUNDS: ⬆️ than last year, ⬇️ than some predicted. Current average is $3,462, which is $346 (11%) higher than 2025.
Some were predicting $3,800 or $4,000+. Haven't seen that yet.
WHO'S GETTING BIGGER REFUNDS: In recent @bipartisanpolicy.org polling, we found that $150k+ households were more likely to perceive a larger refund (45%) than <$75k (31%).
Tip/OT households were more likely to perceive BOTH changes that helped & harmed.
bipartisanpolicy.org/article/take...