April 15, 2026
It’s Tax Day and the White House continues to tout how huge your tax refund is this year because of the Republican’s passing of the Big Beautiful bill.
We get it working families tax cuts – also known as the Big Beautiful bill – according to the White House — is responsible for huge tax refunds this year. But are they actually huge?
Well – good thing the IRS puts out the actual numbers so we can check. According to the Treasury Department 53 million filers claimed at least one of President Trump’s new tax cuts either no tax on tips, overtime, social security or car loan interest….by far most took the no tax on overtime deduction – the Treasury Department says 25 million Americans filed for that. And according to the most recent data from the IRS – as of April 3rd – the average tax refund is up more than 11% compared to 2025. According to the IRS the average American taxpayer is receiving a refund of $3462. Now – that sounds like a lot right? Well – the fact is according to the IRS – the average 2026 tax refund is just $346. While that’s great…the reality is – the working families tax cuts – or Big Beautiful bill also cut health insurance subsidies, and cut SNAP benefits and by the way added trillions of dollars to the national debt.
And don’t forget about the gas prices that are up –according to the Trump administration – more than 21% as of last month. So the question is – with all the cuts to healthcare and social program and the debt this bill is racking up – is it really a savings for you?
Or is that $346 in tax refund actually being eaten up by all those things? Here’s how the treasury secretary answered that.
See more from IRS about tax return statistics here.
Read more from the Treasury Department here.
Watch press conference today here.
