India, Jan. 27 -- As the U.S. tax season kicks off, millions of Americans are poised to receive significantly larger tax refunds as a result of the Working Families Tax Cuts Act passed last year, according to the White House.

"President Trump's Working Families Tax Cuts Act provides broad-based tax relief for hardworking Americans, with the average taxpayer expected to see nearly $4,000 in total tax savings in 2026," the White House said. "Key provisions of the bill include No Tax on Tips, No Tax on Overtime, No Tax on Social Security, a deduction for auto loan interest on Made-in-America vehicles, and much more - putting more money back in the pockets of families, workers, and seniors," it added.

The legislation is delivering the bigge...