Treasury Secretary Says New Tax Cuts ‘Starting to Kick In Now’

The IRS announced the 2026 filing season started this week.

Treasury Secretary Scott Bessent speaks onstage at Lincoln Center in New York City, on Dec. 03, 2025. David Dee Delgado/Getty Images for The New York Times

Treasury Secretary Scott Bessent said Monday that tax policies passed in legislation last year are going into effect now, at the start of the 2026 tax filing season.

“President Trump’s policies that we put in place last year are really starting to kick in now,” he said on Fox News’s “Hannity.”