Who Will Receive the Best Tax Refunds in 2026? You’ll Be Surprised!

Tax refunds could be higher in 2026

Tax changes benefit Latino families

Deductions expand annual savings

The 2026 tax season could bring good news for millions of families. The administration of President Donald Trump anticipates higher tax refunds than in previous years.

Economic officials are describing an unprecedented season. The goal is to generate direct financial relief for workers and households.

The announcement comes amid concerns about the cost of living. For many families, any additional income makes a real difference.

Kevin Hassett, director of the National Economic Council, supported this outlook. According to him, the country is heading toward “the largest refund cycle in the history of the United States.”

Why Will Tax Refunds in 2026 Be Higher?

The projections are based on two main factors. An increase in real wages and recent changes to tax legislation.

According to official estimates, some families could save between $11,000 and $20,000 per year. This depends on income type and applicable deductions, as indicated by the Internal Revenue Service (IRS).

Who Will Receive the Best Tax Refunds in 2026? – PHOTO: Shutterstock

As a reference point, the average refund during the 2025 tax season was $3,167. This figure was slightly higher than the amount recorded in 2024.

However, the final refund varies for each taxpayer. Withholding levels, estimated payments, and new tax provisions all play a role.

Who Could Receive Greater Benefits

One of the broadest changes is the increase in the standard deduction: It rose to $15,750 for single filers and $31,500 for married couples filing jointly.

This adjustment benefits most taxpayers, especially those who do not itemize deductions.

The child tax credit also increased: The maximum benefit rose from $2,000 to $2,200.

This change directly impacts families with eligible children and could be reflected in higher refunds.

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Specific Benefits for Certain Groups

Older adults could also benefit. A new $6,000 deduction was created for individuals over the age of 65.

Photo: Shutterstock

This deduction applies up to certain income levels and will remain in effect between 2025 and 2028.

In addition, there are temporary exemptions for smaller groups. These include income from tips, overtime pay, and auto loans.

Another significant change is the increase in the SALT deduction limit to $40,000. Previously, the cap was just $10,000.

What You Should Keep in Mind for the 2026 Tax Season

Not all taxpayers will benefit equally. Approximately 90% do not itemize deductions, according to the IRS.

Because of this, the impact depends on each individual tax situation. Filing early and reviewing the changes can help maximize benefits.

The 2026 tax season promises surprises. For many, the refund could be higher than expected.