{"id":26730,"date":"2025-12-14T01:22:51","date_gmt":"2025-12-14T01:22:51","guid":{"rendered":"https:\/\/cndailynews.store\/?p=26730"},"modified":"2025-12-14T01:22:51","modified_gmt":"2025-12-14T01:22:51","slug":"bessent-says-americans-can-expect-very-large-tax-refunds-soon","status":"publish","type":"post","link":"https:\/\/cndailynews.store\/?p=26730","title":{"rendered":"Bessent Says Americans Can Expect \u2018Very Large\u2019 Tax Refunds Soon"},"content":{"rendered":"
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Treasury Secretary Scott Bessent announced Wednesday that working Americans will see significantly larger tax refunds next year, estimating that most households will receive between $1,000 and $2,000 during the first quarter of 2026. The increased refunds stem from tax reductions enacted under President Donald Trump\u2019s One Big Beautiful Bill Act, which took effect this year.<\/p>\n

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Bessent said the Treasury Department expects to distribute between $100 billion and $150 billion in total refunds to U.S. households as a result of the changes.<\/p>\n

\u201cI think we\u2019re going to see $100-$150 billion of refunds, which could be between $1,000, $2,000 per household,\u201d Bessent said Wednesday.<\/p>\n

Bessent said the expanded refunds are tied to several provisions in the new law, including automatic deductibility changes and the elimination of federal taxes on tips. He noted that most workers have not yet updated their tax withholding, which means they are likely to receive larger refunds when they file next year.<\/p>\n

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After receiving those refunds, Bessent said, Americans are expected to adjust their withholding to reflect the new rules \u2014 a shift that would reduce the amount of tax taken out of each paycheck going forward.<\/p>\n

Bessent said workers should see a \u201creal increase\u201d in take-home pay once they update their withholdings to reflect the new tax rules. White House National Economic Council Director Kevin Hassett offered similar projections earlier in the week, saying Americans are likely to receive an additional $1,600 to $2,000 next year.<\/p>\n

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