Story perspectives
Massive Tax Refunds Expected as Savings Rise for Families
12/20/2025
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Story summary
- National Economic Council Director Kevin Hassett says the United States faces the largest tax refund season.
- Refunds could reach thousands of dollars.
- U.S. President Donald Trump says families could save between $11,000 and $20,000 annually due to tax policy changes.
- Hassett cites strong wage growth and lower inflation as signs of improvement.
- The Internal Revenue Service (IRS) has issued guidance on new tax provisions affecting upcoming years.
