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KQED's Forum

Will New Tax Provisions Deliver Promised Big, Beautiful Refunds?

KQED's Forum

KQED

News, Politics, News Commentary

4.2 • 726 Ratings

🗓️ 15 April 2026

⏱️ 54 minutes

🧾️ Download transcript

Summary

President Trump promised that new tax provisions in his One Big Beautiful Bill would deliver a windfall to millions of Americans. No more taxes on overtime. No taxes on tips. No taxes on  Social Security payments. While many taxpayers are seeing larger tax refunds this year, the fine print behind Trump’s promises means these tax breaks have been smaller than many expected. We look at the impact of changes in the tax code and who stands to benefit the most. And if you haven’t submitted your returns yet, we want to hear from you: What questions do you still have before the midnight filing deadline. Guests: Shannon Pettypiece, senior policy reporter, NBC News Digital Karen Brosi, tax preparer and certified financial planner Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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From K-QED.

0:52.4

Welcome to Forum. I'm Marisa Lagos in for Alexis Madrigal. For many of us, the painful ritual

0:58.0

of filing our federal income taxes sometimes actually comes with a little bit of a reward.

1:03.1

If we paid the government more than we owe, we get a refund that might be used for a splurge

1:08.1

or something we really need. And this year, many taxpayers have been expecting

1:12.0

even larger refunds than usual. That's because President Trump's giant policy bill included

1:17.3

promises the president made in the campaign trail, like cutting taxes on tips and overtime.

1:23.1

It turns out, though, that while some Americans have seen bigger refunds this year, they haven't

1:27.3

quite lived up to the promises. To understand why, we are joined this hour by Shannon Petty Peace,

1:33.1

a reporter with NBC News, who's been out investigating just how new tax breaks have played out

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