IRS CEO Frank Bisignano discusses Tax Day, rising refunds and 'Trump accounts' for kids

IRS CEO Frank Bisignano provides an update on Tax Day 2026, noting average tax refunds are up over 11%. He highlights the impact of tax cuts and the success of 'Trump accounts' for kids, aiming to boost financial literacy for future generations.

IRS CEO Frank Bisignano reveals average tax refunds are up more than 11% for Tax Day 2026, with over $270 billion issued. He credits the Working Families Tax Cut Act for permanent tax cuts and reducing the tax burden. Bisignano also promotes "Trump Accounts" for children, offering a $1,000 deposit for newborns and allowing up to $5,000 in annual contributions, enrolling 5 million dependents and fostering financial literacy.