U.S. Tax Refunds Climb As New Tax Cuts Reshape Filing Season

Source: International Business Times

Data from the Internal Revenue Service shows Americans are receiving higher tax refunds this filing season, with early returns indicating both larger average payments and increased total disbursements compared to last year. As of April 3, nearly 100 million tax returns had been processed. The average refund stood at $3,462, up from $3,116 during the same period in 2025, according to IRS figures reported by The Washington Post.