VIDEO: Senator Moody Celebrates No Tax on Social Security, Tips, and Overtime Ahead of Anniversary of Largest Tax Cut in U.S. History

BRANDON, Fla.-Senator Ashley Moody is touting wins for Floridians ahead of the first anniversary of the largest tax cut in U.S. history. After just a few months in the U.S. Senate, Senator Moody helped pass the Working Families Tax Cuts Act last year. The historic bill included no tax on Social Security, no tax on tips, and no tax on overtime, and was signed into law on the Fourth of July. Ahead of the anniversary of the tax cuts, Senator Moody joined Floridians who are benefiting from the massive tax relief package.

"It's not the government's money. It's your money, and you should be allowed to keep as much of it as possible. That is why I supported no tax on Social Security, no tax on tips, and no tax on overtime. In the year since the tax cuts became law, it is clear that we delivered for real relief for Floridians, and as your U.S. Senator, I will continue to look for ways to cut taxes, eliminate waste and support economic growth here in the Sunshine State," said Senator Ashley Moody.

BACKGROUND:

• American families and workers have claimed $82 billion in individual relief directly from the Working Families Tax Cuts.
• This past tax filing season, 97% of Americans received a tax cut.
• More than 7.5 million have claimed No Tax on Tips.
• More than 29 million have claimed No Tax on Overtime.
• More than 35 million seniors have claimed the Enhanced Deduction for Seniors.
• Floridians brought home the largest average federal tax refunds in the country-Florida filers brought home an average refund of nearly $4,500 compared to the national average refund of $3,300.
• The WFTC package also created child-owned investment accounts. For every baby born from 2025 through 2028 whose parents open one of these accounts, the U.S. Treasury will invest $1,000.
• More than 5.5 million child-owned investment accounts have been opened nationwide so far, with 1.4 million eligible for the $1,000 pilot program contribution.
• 40 million families have taken advantage of the enhanced Child Tax Credit that the WFTC doubled.

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