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02/26/2026 | Press release | Distributed by Public on 02/26/2026 11:49

President Trump Delivers Largest Tax Refund Season in U.S. History

As tax season kicks off, millions of Americans are poised to receive significantly larger tax refunds thanks to President Donald J. Trump's landmark Working Families Tax Cuts Act - which every Democrat in Congress opposed. The historic legislation is delivering the biggest tax refund season ever, with average refunds projected to rise by $1,000 or more this year due to its transformative policies.

Economists and financial experts agree - 2026 will mark an unprecedented year for tax refunds:

  • USA TODAY: "The average refund in 2025 was $2,939, IRS data showed. This year, refunds could be as much as 30% more due to new provisions from President Donald Trump's mega tax and spending bill, according to James Knightley, chief international economist at Dutch bank ING."
  • CBS News: "Many Americans could see heftier tax refunds next year when they file their 2025 tax returns, largely due to new provisions enacted through the Republicans' 'one big, beautiful bill' act that are retroactive to the start of the current year, according to an analysis from Oxford Economics. Total taxpayer savings could amount to an additional $50 billion through bigger tax refunds or a cut in their 2026 taxes…A $50 billion boost in tax refunds would represent an 18% increase from the $275 billion in refunds the IRS sent this year to nearly 94 million taxpayers who overpaid on their 2024 federal tax returns."
  • The Wall Street Journal: "Refunds on average are expected to come in $1,000 higher than usual this year, according to a study by investment firm Piper Sandler."
  • Business Insider: "The Tax Foundation estimates that the average tax refund will grow from $3,052 in 2024 to $3,800 for tax year 2025. Depending on your income and circumstances, you might get even more back."
  • CNBC: "Tax experts and analysts have agreed that many filers will see bigger refunds… 'Overall, we're expecting these changes to increase refunds by 15% to 20% on average,' Heather Berger, a U.S. economist with Morgan Stanley said…"
President Trump's Working Families Tax Cuts Act provides broad-based tax relief for hardworking Americans, with the average taxpayer expected to see nearly $4,000 in total tax savings in 2026. Key provisions of the bill include No Tax on Tips, No Tax on Overtime, No Tax on Social Security, a deduction for auto loan interest on Made-in-America vehicles, and much more - putting more money back in the pockets of families, workers, and seniors.

For more details from the IRS on the 2026 tax filing season, including helpful online tools and resources, click here.

To learn more about the new tax provisions made possible by President Trump's Working Families Tax Cuts Act, click here.
North Carolina Republican Party published this content on February 26, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on February 26, 2026 at 17:49 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]