IRS CEO Signals ‘Biggest Tax Refund Ever’ Coming In 2026

Nancy Butler – Signals from the Trump administration continue to build ahead of the 2026 tax season, with senior officials predicting what could become the largest tax refund cycle in American history.

In a recent interview, Frank Bisignano — the first-ever CEO of the Internal Revenue Service and current commissioner of the Social Security Administration — reinforced President Donald Trump’s promise that working Americans are on the verge of historic tax relief.

Appearing Tuesday on FOX Business’ “Mornings with Maria,” Bisignano said taxpayers should take the president at his word.

“We should expect exactly what the president said, as always happens,” Bisignano told host Maria Bartiromo. “And the great leadership of the Treasury secretary has positioned us to be able to deliver in a whole bunch of ways for America.”

Bisignano’s remarks follow President Trump’s end-of-year address last week, in which the president forecast “the largest tax refund season of all time” next spring. Trump said the administration’s tax and economic agenda could save many American families between $11,000 and $20,000 annually, largely through lower rates, higher take-home pay, and the elimination of taxes on key sources of income.

According to Bisignano, those benefits will be widespread.

“You’re going to look at probably 94% — plus of middle-class Americans getting a boost, your tax rates coming down and getting the benefit going forward,” the IRS CEO said.

A centerpiece of the administration’s plan involves ending federal taxation on Social Security benefits, a long-standing goal of conservatives who argue seniors should not be taxed on income they already paid into throughout their working lives. Bisignano said that change alone could provide major relief to retirees.

“You’ll see all our Social Security recipients getting up to a $6,000 benefit as [Trump] committed to the benefits of Social Security not being taxed,” he continued. “It will be the biggest refunds that we’ve ever seen, and it’s all because of the president’s leadership and the Treasury secretary’s under ‘One [Big] Beautiful Bill,’ which is unparalleled.”

The “One Big Beautiful Bill,” championed by the White House, represents a sweeping effort to extend and expand the Trump tax cuts while reversing what administration officials describe as years of overtaxation, regulatory bloat, and anti-growth policies under prior Democratic leadership.

Bisignano also highlighted a forward-looking provision aimed at long-term wealth building: the newly branded “Trump accounts,” a national savings initiative for children that will begin accepting contributions on July 4, 2026. The program is intended to encourage early investment and financial responsibility, particularly for middle- and working-class families.

“It’s one of the most amazing pieces of tax work ever done,” Bisignano said. “And if you think about it, $1,000 today will be worth $500,000 at age 60.”

Other top economic officials echoed Bisignano’s optimism in recent appearances on FOX Business, emphasizing that refunds are only part of the broader picture, which includes higher wages and lower tax burdens throughout the year.

National Economic Council Director Kevin Hassett said Americans should expect substantial refund checks when they file next spring.

“We are going to see the biggest refund cycle ever in the history of America, and people are going to get massive refund checks,” Hassett said on “Varney & Co.” last Thursday. “We’re expecting just that part of it alone to be worth a couple-thousand-dollar refund. The numbers are striking.”

Treasury Secretary Scott Bessent offered similar projections, noting that the scale of refunds reflects both lower withholding rates and structural tax changes that favor working households.

“There are going to be substantial refunds to working American households in the first quarter,” Bessent told Bartiromo last week. “We’re going to see very substantial, $100 to $150 billion of refunds in the first quarter go directly to Americans’ pockets.”

SF Source American Liberty Dec 2025