$150 BILLION TAX REFUNDS COMING TO AMERICANS IN Q1 2026
Treasury Secretary Scott Bessent just made a major announcement that could impact the economy.
What's happening?
The U.S. government will send out $100-150 billion in tax refunds starting early 2026 — that's $1,000 to $2,000 per household.
Why are Refunds so Big this Time?
Trump's "One Big Beautiful Bill" passed in July includes:
No tax on tips
No tax on overtime
No tax on Social Security
Auto deductibility
Most workers haven't changed their tax withholding yet, so they will receive large refund checks.
What happens after that?
Bessent says once people get their refunds, they will update their withholding. This means less tax taken from paychecks and more money in their pockets every month.
White House advisor Kevin Hassett confirmed Americans could receive an extra $1,600-$2,000 next year.