President Donald Trump
Abu Sabet: 2026 checks will be 'substantially' bigger than before. Should you spend or save it? With tax season now underway, working Americans may soon see a financial windfall, according to President Donald Trump — and he says it’s all due to one piece of legislation.
“Tax Refunds this year, because of ‘THE GREAT BIG BEAUTIFUL BILL,’ are substantially greater than ever before,” Trump wrote in a recent post on Truth Social (1). “In some cases, estimates are that over 20% will be returned to the Taxpayer.” Trump also urged Americans to recognize what he described as the benefits of the legislation.
“So, when you get your Tax Refund, think about what a wonderful President you have — NO TAX ON TIPS, NO TAX ON SOCIAL SECURITY FOR OUR GREAT SENIORS, NO TAX ON OVERTIME, INTEREST DEDUCTIONS ON CAR LOANS AND MUCH MORE,” he wrote.
While the message may sound promotional, experts do expect refund amounts to trend higher this season. A study by investment firm Piper Sandler projects that refunds could average about $1,000 higher than usual this year — with some taxpayers potentially seeing refunds of an extra $10,000 or more (2). Meanwhile, the Tax Foundation has estimated that the One Big Beautiful Bill Act reduced individual taxes by $129 billion for 2025, noting that refunds “will undoubtedly rise for millions of taxpayers” this season (3).
According to the IRS, taxpayers generally have until April 15 to file their returns (4). Those who file electronically and opt for direct deposit typically receive refunds within three weeks (5).
Still, Trump offered a characteristically simple piece of advice to taxpayers expecting a larger check.
“Don’t spend all of this money in one place!” he wrote.
For many households, that raises an immediate question: What’s the smartest way to use a sudden cash infusion?
Whether you’re thinking about shoring up your finances, preparing for uncertainty or putting that extra money to work, here are a few ways Americans may consider investing their potential windfall.
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