Trump Signals Potential 20% Tax Refunds Under Big Beautiful Bill

The 2026 tax filing season could be the best yet, with taxpayers receiving potentially 20% more thanks to Trump’s Big Beautiful Bill Act. Analysts remark that this could become the largest tax refund season in US history. According to Congressman Nathaniel Moran, average refunds are up nearly 11% compared to last year. In this cycle, the average American is expected to receive an additional $1,000.

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Trump Tax Refunds 2026: One Big Beautiful Bill & Filing Season Outlook

The promise of significant liquidity being returned to American households is driving both economic optimism and intense market speculation. President Trump is positioning these refunds not just as a return of overpaid taxes, but as a strategic dividend for the American people resulting from deregulation and federal spending cuts.

The White House, in a statement, said:

“President Trump signed into law the LARGEST tax cuts in American history. This includes No Tax on Tips, No Tax on Overtime, and No Tax on Social Security — all of which will save Americans money in their tax returns THIS year!“

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As American households expect a little more cash in hand this tax refund season, they are also eyeing some notable investments. Wells Fargo predicts that a significant portion of the $150 billion in refunds will go into Bitcoin investments.

President Trump urges taxpayers to spread out the gains from the tax refund. In a statement, he said:

“Tax Refunds this year, because of “THE GREAT BIG BEAUTIFUL BILL,” are substantially greater than ever before… Don’t spend all of this money in one place.”

Taxpayers’ Refund Status

While metrics like 11% higher than last season or 20% more are eye-catching, there is more to the story. The 2026 tax refund outcomes will differ for all households. Analysts point out that the tax refund status in 2025, income levels and eligibility for new deductions or credits will determine how much is put back in your pocket.

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You can check your tax refund status three weeks from filing. Regardless of the outcome, the 2026 filing season could be one of the most consequential and potentially generous for American taxpayers in years.