00:00It's Benzinga bringing Wall Street to Main Street.
00:02Americans are expected to receive the largest tax refunds in history,
00:06according to forecasts from Treasury Secretary and Acting IRS Commissioner Scott Besant.
00:12Besant said households could see refunds rise by $1,000 to $2,000 due to the one big Beautiful
00:17Bill Act passed in July and unchanged withholding tables. He said provisions include immediate
00:23expensing of equipment purchases and deductions for tips, overtime, and automobile loans for
00:28American-made vehicles. White House National Economic Council Director Kevin Hassett said
00:33unchanged tax forms will benefit workers through no tax on tips, overtime, or Social Security.
00:40Trump projected annual savings of $11,000 to $20,000 for many families.
00:45The Tax Foundation estimated average refunds may rise $300 to $1,000.
00:51For all things money, visit Benzinga.com.
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