Trump Declares 'Largest Tax Refund Season Ever' In 2026: 'One Big Beautiful Bill' Secures Everything Needed Until 2030
President Trump predicts 2026 will see the largest tax refund season ever, attributing this to the "One Big Beautiful Bill" which streamlines various initiatives. He claims average refunds could increase by $1,000 per filer, supported by provisions like "No Tax on Tips." Trump aims for a bold 15% GDP growth, crediting the bill's immediate expensing for significant domestic investment. The Dow Jones index has risen 3.73% year-to-date, while the S&P 500 is up 1.22%.
President Donald Trump predicted on Monday that Americans will witness the “largest tax refund season ever” this spring, crediting his administration's legislative reforms for a massive infusion of cash into household bank accounts.
The ‘One Big Beautiful Bill Act' Legacy
Speaking with Fox Business host Larry Kudlow, the President touted the success of the “One Big Beautiful Bill,” a comprehensive four-year legislative package passed earlier in his term.
Trump emphasized that the bill was designed to streamline 17 different initiatives into a single “miracle” of legislation that he believes will stabilize the U.S. economy for the remainder of the decade.
“We put it together, and we got it passed, and we're short of a miracle,” Trump told Kudlow. “We've gotten everything passed we need for four years. Now we just have to manage it.”
White House projections and independent analyses from groups like the Tax Foundation suggest average refunds could rise by as much as $1,000 per filer, fueled by retroactive provisions including “No Tax on Tips” and “No Tax on Overtime.”
“Next year is projected to be the largest tax refund season ever, and we’re going to be giving back refunds out of the tariffs because we’ve taken in literally trillions of dollars, and we’re going to be giving a nice dividend to the people, in addition to reducing debt,” he said.
Making America rich again. 💰
— The White House (@WhiteHouse) February 11, 2026
President Trump sits down for an economic interview with Fox Business' Larry Kudlow. Watch the key moments in under two minutes. pic.twitter.com/JB6c99OSOP
Economic Targets: 15% Growth
Beyond personal refunds, Trump framed the tax policy as the engine for unprecedented national growth.
He dismissed traditional economic models that view 3% GDP growth as a success, labeling such limits “socialist” and setting a bold new target of 15% growth.
“We should grow 15 or 20%,” Trump declared. “If our new head of the Fed does the job he's capable of, we can grow at 15%. I think more than that.”
Investment And Industrial Renaissance
Trump credited the bill's “100% immediate expensing” provision for an estimated $18 trillion in domestic investment.
By allowing businesses to deduct the full cost of new factories and equipment in a single year—rather than over decades—the President claims the U.S. is “dominating everybody” in manufacturing and AI.
“They take the cost of a factory and deduct it in one year,” Trump explained. “It meant much greater growth… we're blowing it away now.”
Dow Jumps Over 3% In 2026
As of Tuesday’s close, the Dow Jones index rose 3.73% year-to-date, whereas the S&P 500 was 1.22% higher. However, the Nasdaq Composite index was down 0.57% in 2026.
Meanwhile, the U.S. futures were trading higher on early Wednesday following a mixed close on Tuesday.
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, closed lower on Tuesday. The SPY was down 0.26% at $692.12, while the QQQ declined 0.46% to $611.47.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Evan El-Amin on Shutterstock.com
