Taxpayers may see 'record tax refund season' in 2026 due to Trump's 'big beautiful bill,' analysts say
Government
Certain filers could see bigger tax refunds next year, thanks to retroactive changes enacted via President Donald Trump 's "big beautiful bill," according to analyst projections. The July legislation added several tax breaks that apply to 2025 — including a larger standard deduction, "bonus" deduction for older adults and tax break on tips , among others. Those could affect returns filed in 2026. However, many workers are still having the same tax withheld from their paychecks as before Trump's
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