Many Americans will see larger tax refunds in 2026 as a result of President Donald Trump’s One Big Beautiful Bill Act (OBBBA). Most of the benefits of the retroactive features will finally hit next year, according to a new report from Oxford Economics. Tax refunds can range from hundreds to tens of thousands of dollars, depending on a person’s specific financial situation. OBBBA updated tax withholding tables, leading to higher refunds for many Americans in 2026. The Congressional Budget Office