Louisiana Tax Refunds Rise 11% Following Working Families Tax Cut
The average tax refund in Louisiana is up 11% from last year. This increase is the result of the Working Families Tax Cut, which permanently increased the standard deduction to $31,500 for families and $15,750 for individuals. The law also raised the Child Tax Credit to $2,200 per child and introduced a deduction for seniors 65 or older of up to $6,000 for those filing individually and $12,000 for those filing jointly. Additionally, the law eliminated taxes on tips and overtime pay for qualifying workers.
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