Donald Trump’s Treasury Reveals Exactly When $1,500-$2,000 Checks Will Be Sent To American Households
U.S. Treasury Secretary Scott Bessent predicts an unusually large tax refund season early next year. He expects many households to receive between $1,000 and $2,000, potentially totaling $100 to $150 billion in refunds.
This forecast is driven by mid-year tax changes enacted under President Trump’s “One Big Beautiful Bill Act.” The retroactive provisions lower many taxpayers’ 2025 liabilities, but withholding from paychecks has not yet been adjusted to reflect this.
Consequently, many workers have had too much tax withheld this year. The difference will be returned as a larger refund when they file their 2026 tax returns, rather than as immediate increases in take-home pay.
The White House has promoted this message, with the President calling it potentially the “largest tax refund season ever.” Officials emphasize the refunds stem from Republican-passed tax cuts.
It is crucial to understand these are normal tax refunds, not a new stimulus program. Refunds are issued only after a taxpayer files a return, with timing and amounts varying individually.
A larger refund means more money was withheld than ultimately owed. Financial advisors note that while a refund feels like a windfall, it represents money that could have been received in paychecks throughout the year.
Bessent suggests this is a temporary effect. Once withholding tables are updated, workers will see higher take-home pay in 2026, shifting the benefit from a lump-sum refund to ongoing wage increases.
