President Donald Trump is promoting the idea that many Americans could see significantly larger tax refunds this year under a major new law he signed in 2025. Trump said tax refunds could rise by more than 20 percent for some taxpayers because of the changes made by the One Big Beautiful Bill Act. He shared these comments on social media and in public statements as the 2026 tax filing season gets underway.
The One Big Beautiful Bill Act became law on July 4, 2025. It includes a wide range of tax code changes affecting individuals and families. Among the new provisions are eliminations of federal taxes on tip income, overtime pay, and Social Security benefits for seniors, along with other deductions like those on car loan interest. These changes can reduce taxable income and could mean larger refunds when people file their federal tax returns with the Internal Revenue Service (IRS).
Trump and his supporters have been urging taxpayers to get ready for what they describe as the largest tax refund season in U.S. history. Trump said that because of the One Big Beautiful Bill, refunds “are substantially greater than ever before” and estimated that for some filers, more than 20 percent of their taxes could be returned as a refund. He encouraged Americans to remember the policy when they receive their IRS tax refund in the coming months.
Federal tax returns for the 2025 tax year must be filed by April 15, 2026, and many taxpayers file early to receive their refunds faster. The IRS says that most people who file electronically with direct deposit could see their refunds within about three weeks after their return is processed.
Early data from the IRS this season suggests refunds are already higher than last year. According to the agency’s figures through early February, the average refund amount was about 11 percent higher than at the same time last year. While this is less than the potential 20 percent Trump has highlighted, it still reflects a significant increase for taxpayers.
Tax experts say the size of individual refunds will vary widely. Larger refunds could come because many of the One Big Beautiful Bill changes took effect in 2025 but were not reflected in paycheck withholding schedules. That means workers might have paid more taxes throughout the year than necessary. When they file in 2026, that extra amount could be returned to them by the IRS.
However, some tax analysts caution that higher refunds are not guaranteed for everyone and that tax filing details and individual circumstances matter. They note that the tax law changes are complex and that not all taxpayers will benefit equally. Some may see larger refunds, others may see smaller changes or none at all, depending on their income, deductions, and filing choices.
The IRS itself has been encouraging taxpayers to use its online tools and resources to understand how the new tax law affects their filings and refunds. These tools can help people check where their refund is in the process and make sure they claim all the benefits they qualify for under the new rules.
As millions of Americans prepare their tax returns this year, the promise of larger IRS tax refund checks from the Big Beautiful Bill remains a key talking point in Washington and across the country.