New Delhi, Dec. 26 -- American taxpayers may be eligible for larger tax refunds this year, Treasury Secretary Scott Bessent reiterated recently while speaking All-In Podcast. Bessent, who also serves as acting IRS commissioner, reportedly said that US President Donald Trump's signature tax package, the One Big Beautiful Bill Act (OBBBA), will deliver "gigantic" refund checks when people file their 2025 returns next spring.

He said that because the Act's provisions are retroactive to January 2025, many taxpayers never adjusted their paycheck withholding after the law passed.

The result, he said, will be a surge in refunds averaging $1,000-$2,000 per household in early 2026.

"Americans, I also have the honor of being the IRS commissioner...