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Hassett: US ‘going to see the biggest tax refund season of all time’ in 2026

The new 'One Big Beautiful Bill Act' will boost refunds by $300 to $1,000 on average as the IRS returns overpaid taxes from outdated forms.

  • U.S. taxpayers will likely experience the largest tax refund season ever in 2026, as predicted by National Economic Council Director Kevin Hassett during an interview on Fox News Sunday.
  • Several states, including Georgia, Maryland, and South Carolina, have decided not to enforce federal tax relief measures for overtime and tip income to maintain their budgets.
  • Hassett credits the 'Big, Beautiful Bill' for the expected refunds, which will be available starting January 28, 2026.
  • Senate Minority Leader Chuck Schumer criticized President Trump's economic claims, stating that Americans feel increasingly squeezed financially amidst ongoing inflation pressures.
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According to US government officials, Americans will receive the highest amount of tax refunds in history in 2026 due to several amendments to the tax law made by the "One Big Beautiful Bill," which was signed into law by President Trump in July.

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NTD News broke the news in on Sunday, December 21, 2025.
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