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- IRS chief predicts a 94% boost in tax refunds for middle-class Americans in 2026 (marketrealist.com)
Middle-Class Americans Could See Record-Breaking Tax Refunds in 2026
Get ready for some potentially hefty checks, middle-class America! The head of the Internal Revenue Service, Frank Bisignano, is predicting that 2026 will bring the largest tax refunds “ever seen” for many families, thanks to the newly enacted “One Big Beautiful Bill Act.”
In a recent interview on Fox Business’s “Mornings With Maria,” Bisignano shared some exciting news, suggesting that countless households could save thousands of dollars. Even better, all Social Security recipients are slated to receive a $6,000 tax benefit.
“You’re going to look at probably 94%-plus of middle-class Americans getting a boost, your tax rates coming down and getting the benefit going forward,” the IRS CEO stated. These remarks echo similar claims made by President Trump in his recent end-of-year address, where he forecasted “the largest tax refund season of all time” for next spring, with many families potentially saving between $11,000 and $20,000.
Bisignano further elaborated on the benefits for Social Security recipients under the OBBBA, confirming, “You’ll see all our Social Security recipients getting up to a $6,000 benefit as [Trump] committed to the benefits of Social Security not being taxed.” He proudly declared, “It will be the biggest refunds that we’ve ever seen, and it’s all because of the president’s leadership and the Treasury secretary’s under ‘One [Big] Beautiful Bill,’ which is unparalleled.” Additionally, a new savings initiative for children, dubbed the “Trump accounts,” is set to begin accepting contributions on July 4, 2026.
These optimistic predictions are not isolated. Both Treasury Secretary Scott Bessent and National Economic Council Director Kevin Hassett have also indicated that Americans can anticipate larger refunds and increased take-home pay next year, a welcome relief amidst ongoing concerns about affordability.
Bessent, who is also serving as the acting commissioner of the IRS, previously told the “All-In Podcast” that “gigantic” refund checks are on the horizon for the upcoming tax filing season. He explained that the tax provisions within the OBBBA will be applied retroactively to the start of the year, and since most workers haven’t adjusted their withholdings, they can expect substantial refunds in 2026.
“We are going to see the biggest refund cycle ever in the history of America, and people are going to get massive refund checks,” Hassett affirmed in a recent interview on “Varney & Co.” He added that a single provision in the act could boost refund checks by “a couple-thousand-dollars,” commenting that “The numbers are striking.”
A December 17 report from the Tax Foundation, a nonpartisan tax policy nonprofit, supports these predictions, stating that “refunds will be larger than typical in the upcoming filing season.” Their estimates suggest that the OBBBA reduced individual taxes by $144 billion in 2025. Outside analyses indicate that up to $100 billion of this could translate into higher tax refunds for Americans, potentially increasing average returns by approximately $1,000.
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- IRS chief predicts a 94% boost in tax refunds for middle-class Americans in 2026 (marketrealist.com)