economy
Average tax refund is 11.2% higher, latest IRS filing data shows
The average tax refund is 11.2% higher this season, according to the latest IRS filing data. Here's what taxpayers need to know.
TL;DR
- The average tax refund is 11.2% higher this season compared to the same period in 2025.
- As of April 10, the average refund amount was $3,397, up from $3,055.
- IRS data reflects 114 million individual returns filed out of an expected 164 million.
- Republicans are promoting President Trump's tax cuts, rebranded as 'working families tax cuts,' as a reason for the higher refunds.
- Americans are using refunds to pay down credit card debt (23%) or save (23%).
- Trump's tax cuts include deductions for tip income, overtime earnings, seniors, and auto loan interest, resulting in an average tax cut of over $800 for over 53 million filers.
- The federal deduction limit for state and local taxes (SALT) was raised to $40,000 by Trump's legislation, a change expected to benefit higher earners.