The "big, beautiful bill" signed into law by President Trump in July provides a bevy of new tax cuts and deductions that could lower taxes for millions of Americans, according to a recent analysis from the Tax Foundation.

The typical filer could see a tax cut of $3,752 in 2026, the nonpartisan think tank found . But the impact will also vary geographically, with some residents in some states likely receiving a bigger tax benefit than others under the new law, Garrett Watson, director of policy analysis, told CBS MoneyWatch.

For instance, the biggest average cut will go to residents of Wyoming, with a reduction of $5,374, according to his analysis of the law's impact.

The geographic differences are due partly to variations in the average income of each state, given that the law pro

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