The Chief Executive Officer of the Internal Revenue Service (IRS) in the United States, Frank Bisignano, mentioned that when it comes to social security, “this will be the largest scale tax refund we have ever seen.”
During an interview on Tuesday, Bisignano stated that 94% of middle-class Americans will receive some form of tax relief next year.
“You will see possibly 94% or more of middle-class Americans benefiting, your tax rates will go down, and you will continue to enjoy this benefit in the future,” said Bisignano in an interview with Fox Business Channel. Bisignano also serves as the Director of the Social Security Administration (SSA).
He added that social security beneficiaries will receive benefits that can reach up to $6,000 because the (Trump administration) is committed to making social security benefits non-taxable, emphasizing that “this will be the largest scale tax refund we have ever seen.”
“This is one of the most astounding tax policies in history. Just think, $1,000 today will be worth $50,000 when you’re 60,” Bisignano mentioned in an interview with Fox News, referring to tax relief measures related to social security.
Both Treasury Secretary Scott Bessent and White House economic adviser Kevin Hassett predict that due to the tax reform bill signed into effect by President Trump this summer, there will be substantial tax refunds for the 2026 tax year. Following these predictions, Bisignano made the above statements.
Bisignano was appointed as the first CEO of the federal tax agency in October, a position created during the Trump administration.
President Trump also stated in his year-end speech last week that under this tax and spending plan, many American families could save between $11,000 to $20,000 annually.
At the same time, Hassett mentioned late last week, “We are about to witness the largest tax refund cycle in American history, people will receive huge tax refund checks,” predicting that this “could be equivalent to thousands of dollars in tax refunds.”
Hassett said, “Many of the changes that affected last year’s taxes are not reflected in any tax forms people filled out earlier this year.” He is also seen as a potential successor to current Federal Reserve Chairman Jerome Powell.
The Trump administration has been signaling solutions to address the cost of living, including tax refunds and bonuses derived from tariffs. Since the elections last month where the Democratic Party secured victories in several states and municipalities, the Republican Party has increased its focus on economic issues. Trump announced during a speech last week an award of $1776 to American troops.
Democratic leaders like Senate Minority Leader Chuck Schumer from New York criticized the economic policies of the Trump administration, calling the White House out of touch with reality.
For example, in a post on X platform last week, Democratic leader stated that Trump “lives in a bubble that is completely divorced from the reality that ordinary Americans see and feel every day,” calling Americans “feeling increasingly squeezed every day.”
Meanwhile, the government received good news on December 17 when the Labor Department released the Consumer Price Index report for November, showing a decrease in overall inflation. According to a report released on Tuesday by the Federal Bureau of Economic Analysis, the Gross Domestic Product in the United States grew rapidly by 4.3% in the third quarter of 2025.
The federal agency mentioned in its estimates that output growth benefited in part from “increases in consumer spending, exports, and government spending.” It also added, “Imports, which are subtracted from the Gross Domestic Product calculation, decreased.”
The tax filing season for next year will begin on January 28, 2026, and end on April 15, 2026.