Each American household to receive up to $2,000 in tax refunds

Noman Sabit: Working Americans will soon see a sizable financial boost all thanks to changes tied to President Donald Trump’s One Big Beautiful Bill Act, according to Treasury Secretary Scott Bessent. Speaking with a reporter in Pennsylvania on Dec. 10, Bessent said an estimated $100 billion to $150 billion in tax refunds could hit bank accounts in the first quarter of 2026. Bessent said that Trump has fought harder than anyone for his signature initiatives in the act, pointing to provisions such as no tax on tips, no tax on overtime and auto deductibility (1).

“The bill was passed in July. Working Americans didn’t change their withholding, so they’re going to be getting very large refunds in the first quarter. So I think we’re going to see $100 to $150 billion of refunds, which could be between $1,000 and $2,000 per household.” After that, once withholding levels adjust, workers could see what he described as a “real increase” in their wages.

The White House echoed that outlook. Press Secretary Karoline Leavitt said the refund season is projected to be the largest on record.

“Americans can also expect another boost to their bank accounts in the months ahead as 2026 tax refund season is upon us after the holidays and it's projected to be the largest ever,” Leavitt said during a Dec. 11 press briefing (2).

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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