He projected $100 billion to $150 billion in total refunds, averaging $1,000 to $2,000 per household in the first quarter, NBC10 Philadelphia reported.

The One Big Beautiful Bill Act, which President Donald Trump signed into law in July, created the conditions for massive refunds starting this tax season. The legislation wasn't just about tweaking rates or tinkering with deductions.

Treasury Secretary Scott Bessent said that American households could receive substantial $1,000-$2,000 tax refunds in early 2026 under OBBBA tax law changes.

Working households are being told to brace for a windfall, with Treasury Secretary Scott Bessent signaling that many will see tax refunds climb as high as $2,000 next year. The promise centers on working Americans who kept their paychecks steady and did not adjust their withholding,

Treasury Secretary Scott Bessent (also the acting IRS commissioner) told CBS's "Face The Nation" that the recent prominent cases of welfare fraud in Minnesota's Somali community were not discovered by state authorities,

White House Press Secretary Karoline Leavitt told reporters that the upcoming tax refund season is "projected to be the largest ever."

Secretary Scott Bessent defended his department’s investigation into alleged diversion of Minnesota tax dollars to terrorists while Minnesota Congresswoman Ilhan Omar questioned the allegations.

The following is the transcript of the interview with Treasury Secretary Scott Bessent that aired on "Face the Nation with Margaret Brennan" on Dec. 7, 2025.