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International Business Times UK
International Business Times UK
World
Louise Bonquin

White House Economic Advisor Kevin Hassett Predicts 2026 as Largest Tax Refund in US History

As tax season approaches in the United States, American citizens might actually have something to look forward to. According to Kevin Hassett, the White House Director of the National Economic Council, next year's tax filing will see taxpayers receive the 'biggest refunds of all time.'

His bold prediction was based on a recent major legislative change. Because of the way new laws were passed, the Internal Revenue Service ended up holding on to more of the taxpayers' money than it was supposed to, and the agency needs to give it all back.

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