The chief executive of the Internal Revenue Service (IRS) said during a Tuesday interview that 94 percent of middle-class Americans will see some form of tax relief next year.

“You’re going to look at probably 94 percent-plus of middle-class Americans getting a boost, your tax rates coming down, and getting the benefit going forward,” said IRS CEO Frank Bisignano, who is also the commissioner for the Social Security Administration, during an interview with Fox Business.

He added that Social Security recipients will see “up to a $6,000 benefit as [the Trump administration is] committed to the benefits of Social Security not being taxed,” adding “it will be the biggest refunds that we’ve ever seen.”

“It’s one of the most amazing pieces of tax work ever done. And if you think about it, $1,000 today will be worth $500,000 at age 60,” Bisignano also told Fox News, referring to the Social Security-related tax relief.

Bisignano’s comments come after Treasury Secretary Scott Bessent and White House economic advisor Kevin Hassett have both projected significant refunds in the 2026 tax year due to the piece of legislation that was signed into law over the summer by President Donald Trump.

Bisignano was named as the first CEO of the federal tax revenue agency, which is a newly created position under the Trump administration in October.

Trump also said last week in a year-end speech that many American families could save between $11,000 and $20,000 per year under the tax and spending package.

Meanwhile, Hassett said late last week that “we are going to see the biggest refund cycle ever in the history of America, and people are going to get massive refund checks,” forecasting that it could ”be worth a couple-thousand-dollar refund.”

“A lot of the tax changes, which affect last year, weren’t in any tax forms that people filled out at the beginning of” this year, said Hassett, who has been floated as a possible successor to current Federal Reserve Chairman Jerome Powell.

The Trump administration has been teasing proposals to address cost-of-living concerns, including tax refunds and dividend checks derived from tariffs. Since the elections last month, in which Democrats secured victories in several states and municipalities, Republicans have intensified their focus on the economy. During a speech last week, Trump unveiled a $1,776 bonus to U.S. troops.

Democrats, including Senate Minority Leader Chuck Schumer (D-N.Y.), have been critical of the Trump administration’s economic policies, saying that the White House is out of touch.

In a post last week on X, for example, the Democratic leader said that Trump “lives in a bubble completely disconnected from the reality everyday Americans are seeing and feeling” and that Americans “are feeling squeezed harder and harder every day.”

Meanwhile, the administration received a boost on Dec. 17 as the Labor Department released its Consumer Price Index report for November, showing an overall drop in inflation. And the U.S. gross domestic product (GDP) grew at a rapid rate of 4.3 percent in the third quarter of 2025, according to a report issued on Tuesday by the federal Bureau of Economic Analysis.

The expansion in output was, in part, fueled by “increases in consumer spending, exports, and government spending,” the federal agency said in its estimate. “Imports, which are a subtraction in the calculation of GDP, decreased,” it added.

Next year’s tax-filing season starts Jan. 28, 2026, and ends on April 15, 2026.