Massive refunds ahead? Trump advisor says 2026 will bring the biggest tax payouts in US history

Biggest tax refund 2026: Senior White House economic adviser Kevin Hassett predicts the largest tax refund cycle in U.S. history for 2026. This is due to tax reductions from Trump's 'One Big, Beautiful Bill Act' not being fully reflected in earlier filings. Workers earning tips or overtime pay are expected to benefit the most.