Larger tax refunds in 2026 expected, thanks to Trump tax law and IRS delay: Economist

Americans, particularly the affluent, are set to receive larger tax refunds or smaller tax bills when they file in 2026, because of President Donald Trump’s tax and spending package passed in July, an economist said. Total taxpayer savings could amount to an additional $50 billion because the IRS has yet to update its withholding tables to account for new provisions retroactive to the start of 2025, Oxford lead economist Nancy Vanden Houten said in a report this week. The only way taxpayers can benefit f ...