Source: United States House of Representatives – Representative Mike Johnson (LA-04)
WASHINGTON — In 2026, as tax filing season opens, Americans are beginning to see bigger paychecks, bigger tax refunds, and new opportunities to build long-term financial security for their children because President Trump and Congressional Republicans kept their promise to put more money back in family budgets through the Working Families Tax Cuts.
This law delivers bigger paychecks and permanent tax relief today — and creates a transformative new pathway to financial stability for the next generation through Trump Accounts.
BIGGER TAX REFUNDS IN 2026
Americans will see historic refund levels this tax season:
- Nearly $4,000 average tax refund
- $100 BILLION in total tax refunds projected nationwide
- Refund levels among the highest in years
- 66% of the WFTC’s tax cuts benefits families earning less than $500,000
MORE MONEY IN EVERY PAYCHECK
Tax relief is boosting take-home pay all year long:
- Over $10,000 more in annual take-home pay for working families
- 15% average tax cut for Americans earning $15,000–$80,000
- More than 94% of middle-income working families receive a tax cut
PERMANENT TAX RELIEF FOR WORKING FAMILIES
The Working Families Tax Cuts locks in long-term tax benefits:
- Standard deduction permanently doubled — used by 90% of American taxpayers
- Lower tax rates and brackets made permanent — locks in reduced rates from the Trump tax cuts
TRUMP ACCOUNTS: A STRONG FINANCIAL START FOR EVERY AMERICAN CHILD
The Working Families Tax Cuts also establishes Trump Accounts, giving every newborn American a financial foundation from day one.
WHAT FAMILIES RECEIVE
- $1,000 federal contribution for every American child born between January 1, 2025 – December 31, 2028
- Account is fully in the child’s name, and parents are custodians until age 18
- Families have the option to contribute up to $5,000 per year
WHAT $1,000 BECOMES OVER TIME
Even without additional contributions, long-term growth can provide:
- $6,000 by age 18
- $15,000 by age 27
- $243,000 by age 55
All from a one-time $1,000 federal investment.
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