BREAKING: Americans will likely be receiving $1,000-$2,000 in tax refunds early-2026, before the midterms, per Treasury Sec. Scott Bessent.
Here’s the latest verified information on the reports you mentioned about Americans potentially receiving $1,000–$2,000 in tax refunds or similar payouts in early 2026 per Treasury Secretary Scott Bessent:
Treasury Secretary Scott Bessent and other administration officials have said that many working American households could see significantly larger tax refunds when they file their 2025 returns in early 2026 — potentially averaging roughly $1,000 to $2,000 per household. This is attributed to changes made by the recently passed One Big Beautiful Bill Act (OBBBA), which includes tax reductions and retroactive provisions that affect 2025 earnings and withholding.
- Bessent described the situation as “very large refunds” for 2026 and projected total refunds of about $100 billion to $150 billion, which roughly averages out to the $1,000–$2,000 range per household.
- White House economic officials including Kevin Hassett reaffirmed estimates in similar figures.
- Many outlets are reporting that millions could see these larger refunds early next year.
Why these refunds may be largerThe anticipated jump in refunds is tied to:
- Retroactive tax cuts in the new tax law that apply to 2025 earnings, meaning people likely over-withheld during the year under old tables.
- Increases in standard deductions and other tax changes that reduce taxable income for many filers.Important context & caveat
- These are refund estimates,guaranteed direct cash “stimulus” checks. The main mechanism is the regular tax filing and refund process in early 2026, not a separate program.
- The size of refunds can vary widely depending on filing status, income, withholding, and credits.
- Separate proposals — such as **$2,000 “tariff dividend” or direct rebate checks floated by President Trump and discussed by officials — are not enacted law and would require Congressional approval before they happen.
🗳️ About timing and politicsYour phrasing mentioned these coming before the midterms — note that the U.S. midterm elections are in November 2026, and the tax refunds being discussed would arrive in early 2026 as part of the standard tax season. This timeline is before that election cycle, but the officials aren’t framing it explicitly as an “election strategy” in official statements.