Trump touts potential 20% tax refunds from 'Big Beautiful Bill'

President Donald Trump said tax refunds this year will be substantially larger than ever before because of his signature "One Big Beautiful Bill," which was passed last year.

Trump took to Truth Social to promote the expected refunds ahead of the 2026 filing season, arguing that some taxpayers could see more than 20% returned.

Taxpayers generally must file their 2025 federal returns by April 15, 2026, and if they file electronically with direct deposit, most refunds are issued within about three weeks after the return is processed, according to the IRS.

"Tax Refunds this year, because of ‘THE GREAT BIG BEAUTIFUL BILL,’ are substantially greater than ever before," Trump wrote. "In some cases, estimates are that over 20% will be returned to the Taxpayer."

He pointed to provisions he said eliminate taxes on tips, social security benefits for seniors and overtime pay, while allowing interest deductions on car loans, among other measures.

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