President Donald Trump’s One Big Beautiful Bill Act, enacted in July, will reduce federal taxes for individual filers by an average of $3,752 in 2026, according to new estimates released by the non-partisan Tax Foundation. The research group says the measure represents the largest across-the-board tax cut since the 2017 Tax Cuts and Jobs Act and will avert scheduled increases that would otherwise have hit most households when the earlier law expired at the end of 2025. The legislation makes permanent the reduced individual income-tax rates set in 2017 and introduces additional relief such as an expanded Child Tax Credit, a standard deduction of nearly $32,000 for joint filers, and the exclusion of tips and overtime pay from taxable income. Business provisions include the restoration of 100 percent bonus depreciation, continued full expensing for domestic research and development, and immediate expensing for new U.S. factories and agricultural facilities. The Tax Foundation projects that the package will support roughly 938,000 full-time equivalent jobs over the long term and lift average after-tax incomes across all income groups. While the national benefit is estimated at $3,752 per filer, an analysis by Axios indicates that taxpayers in several states could see savings exceeding $5,000. Republican lawmakers who steered the bill through Congress hailed the analysis as confirmation that the measure will act as “jet fuel” for the economy. Supporters argue the permanent rate cuts and capital incentives will spur investment, while critics have warned in earlier debates that the provisions could widen the federal deficit. The Treasury Department has not yet released its own official revenue score.