Americans Could See up to $2,000 Tax Refunds Next Year, Says Treasury Secretary

Refunds will be coming during the tax year, Scott Bessent said.

The top of a form 1040 individual income tax return for 2005 atop a stack on the same at the Des Plaines Public Library in Des Plaines, Illinois, on March 23, 2006. Photo by Tim Boyle/Getty Images

Treasury Secretary Scott Bessent said that working Americans are set to get “very large refunds” next year as tax cuts that were enabled in the Republican-backed One Big Beautiful Bill Act are set to go into effect.

“I think we’re going to see $100 [billion]–$150 billion of refunds, which could be between $1,000, $2,000 per household,” Bessent told an NBC affiliate station reporter while in Pennsylvania on Wednesday.