Americans are poised to receive the largest tax refunds in history, according to forecasts by the Secretary of the Treasury and acting IRS Commissioner Scott Bessent.
According to today’s report, Bessent anticipates households could see refunds increase by $1,000 to $2,000.
How New Policies Will Boost Tax Refunds
Bessent highlighted that the One Big Beautiful Bill Act, passed in July, combined with unchanged withholding tax tables, will significantly boost refunds in the upcoming filing season.
The act included provisions such as immediate expensing of equipment purchases and tax deductions for tips, overtime and automobile loans for American-made vehicles.
“I can see that we’re going to have a gigantic …Full story available on Benzinga.com
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