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U.S. Social Security Administration Commissioner Frank Bisignano joins “Mornings with Maria” to discuss how the Trump administration’s tax plan could deliver record refunds, expand benefits for seniors and improve government services.
The Internal Revenue Service’s top CEO is bolstering signals from the Trump administration that Americans could get the “largest tax refund ever” in the new year.
“We should expect exactly what the president said, as always happens,” said Frank Bisignano, also a commissioner of the Social Security Administration. on “Mornings with Maria” Tuesday.
“And the great leadership of the Secretary of the Treasury has allowed us to be able to take action in a variety of ways for America.”
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Bisignano confirmed that large tax refunds are expected in 2026, echoing President Donald Trump’s holiday speech last week, in which he predicted “the biggest tax refund season ever” next spring and said many families could save between $11,000 and $20,000 a year.
Social Security Administration Commissioner Frank Bisignano speaks as President Donald Trump looks on before signing a presidential proclamation in the Oval Office of the White House in Washington, DC, August 14, 2025. (Getty Images)
“You’re probably going to see more than 94% of middle-class Americans get a boost, your tax rates will go down and they’ll see benefits going forward,” the IRS CEO said.
“You will see all of our Social Security recipients receiving up to $6,000 in benefits. [Trump] determined that Social Security benefits will not be taxed,” he continued. “These will be the largest refunds we have ever seen, and it is all due to the leadership of the President and the Secretary of the Treasury under the leadership of ‘One.’ [Big] Beautiful Bill,” which is unprecedented.”
Bisignano also noted that the new nicknamed “Trump accounts” – a broad savings initiative for children – will begin accepting contributions on July 4, 2026.
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“This is some of the most amazing tax work ever done. And if you think about it, $1,000 today will be worth $500,000 when you’re 60 years old,” Bisignano said.
The comments come as Treasury Secretary Scott Bessent and National Economic Council Director Kevin Hassett both told FOX Business that the administration expects larger refunds and higher take-home pay next year as Americans continue to voice concerns about affordability.
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“We’re going to see the largest refund cycle ever in the history of America, and people are going to get massive refund checks,” Hassett said in an interview on “Varney & Co.” last Thursday. “We expect that part alone will be worth a refund of a few thousand dollars,” Hassett added. “The numbers are striking.”
“There will be substantial refunds to working American households in the first quarter,” Bessent told Maria Bartiromo last week. “We’re going to see very substantial refunds, $100 billion to $150 billion in the first quarter, going directly into the pockets of Americans.”
