This is a hypothetical Tax Return Projection.
A married couple with $300,000 of household wages. They have some kids.
I changed none of the facts of their income or deductions and did a 2025 Tax Return Projection. What this does is show the difference in the results based purely on the changes in the tax code and tax calculations.
In 2024 they had a $565 refund.
In 2025?
They're projected to have a $3,756 refund.
Your results may vary.