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Story summary
- The U.S. economy's K-shaped recovery widens tax refund disparities, with higher-income households benefiting more from recent changes.
- The One Big Beautiful Bill Act, signed in July 2025, extends tax cuts and raises average refunds by over $700.
- Top 5% households gain the most, while those earning $33,000 or less see minimal increases around $18, raising concerns about widening inequality.
