On July 1, the US Senate passed US President Donald Trump's tax and spending bill. (Photo source: White House/X) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Certain taxpayers may be in for a pleasant surprise next year, as retroactive tax changes introduced under President Donald Trump’s July legislation could lead to significantly larger refunds in 2026.

The law, dubbed the “big beautiful bill,” includes expanded deductions and new tax breaks for 2025 filings, but with IRS withholding tables yet to be updated, many workers are currently overpaying, a CNBC report said.

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