Treasury Secretary and IRS Commissioner Scott Bessent confirmed that American families can expect $100–$150 billion in tax refunds in 2026, marking the largest surge in U.S. history and amounting to an estimated $1,000–$2,000 per household.
Bessent said these refunds are the result of President Trump’s signature economic initiatives, including middle-class tax relief and protections for working families.
He highlighted that the bond market performed its best year since 2020, interest and mortgage rates are declining, rental rates are down about 5% and expected to fall 10–15% from the peak, and gasoline prices are now below $3 nationally, with some states seeing prices under $2.
Bessent said, “I think we’re on a very good track on inflation.”
Bessent emphasized that President Trump’s policies included key provisions benefiting American families, such as no tax on tips, no tax on overtime, no tax on Social Security benefits, and auto deductibility.
He added, “He fought harder than anyone for these provisions.” With historic tax refunds, declining inflation, and improving housing and energy markets, President Trump’s economic policies are providing a significant boost to American families and improving affordability nationwide.
