Here's how Americans say they plan to use their bigger tax refunds this year

February 27, 2026

TL;DR

Tax refunds in 2026 are expected to be approximately 30% larger than the previous year, potentially adding an extra $1,000 to the typical refund.
Paying down debt is the most common planned use for tax refunds, with 36% of survey respondents indicating this intention.
Other planned uses include major purchases, covering everyday expenses, and savings, though debt repayment remains the priority.
IRS data shows refunds are currently 14% higher than at the same point last year, with amounts expected to increase as the tax season progresses.
Despite the positive outlook for many, 32% of respondents do not expect to receive any tax refund.

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