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The Independent UK
The Independent UK
Business
J.R. Duren

Trump promised tax refunds would jump ‘$1,000 or more’. The gains will go to wealthy Americans, experts say

America White House IRS

In January, tax refunds were looking up. By March, not so much.

At the start of the year, the White House projected that 2026 tax refunds would increase by “$1,000 or more” compared to 2025. Provisions in President Donald Trump’s One Big Beautiful Bill - no tax on tips, overtime or Social Security - would help drive the projected refund amounts, the White House noted.

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