As the 2026 tax season approaches, President Donald Trump is promising bigger tax refunds due to 2025 changes enacted via his “big beautiful bill.”
“Next spring is projected to be the largest tax refund season of all time,” Trump said Wednesday in a prime-time address from the White House.
But your 2026 refund will depend on your 2025 taxes paid and which new provisions will affect your situation, experts say.
Typically, you get a refund when you overpay taxes throughout the year via paycheck withholdings or estimated tax payments. By comparison, there’s a bill when you don’t pay enough.
Trump’s address comes amid the president’s falling approval ratings on inflation and the cost of living, according to the CNBC All-America Economic Survey, which polled 1,000 U.S. adults in early December.
