{"id":26284,"date":"2026-03-07T01:04:11","date_gmt":"2026-03-07T01:04:11","guid":{"rendered":"https:\/\/finderica.com\/?p=26284"},"modified":"2026-03-07T01:04:11","modified_gmt":"2026-03-07T01:04:11","slug":"average-irs-tax-refund-is-up-10-6-early-filing-data-shows","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=26284","title":{"rendered":"Average IRS tax refund is up 10.6%, early filing data shows"},"content":{"rendered":"
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Tony Anderson | Digitalvision | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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The\u00a0average tax refund\u00a0is 10.6% higher so far this season, compared to roughly the same period in 2025, according to the latest IRS filing data.<\/p>\n

As of Feb. 27, the\u00a0average refund amount\u00a0for individual filers was $3,742, up from $3,382 about one year ago, the IRS reported on Friday. The average is down from the $3,804 reported last week. <\/p>\n

Typically, the average refund spikes<\/a> around mid-February, once data includes payments claiming the\u00a0earned income tax credit\u00a0or the refundable part of the\u00a0child tax credit, known as the additional child tax credit or ACTC, according to a Bipartisan Policy Center analysis. After the February peak, the average generally declines gradually through Tax Day. <\/p>\n

The latest filing data reflects roughly 51.5 million individual returns received, out of about 164 million expected through the April 15 deadline. <\/p>\n<\/div>\n

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Read more CNBC personal finance coverage<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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As the midterm elections approach, Republicans have been laser-focused on the size of tax refunds this season, with many pointing to the changes enacted via President Donald Trump’s “big beautiful bill.” <\/p>\n

In a\u00a0late January release<\/a>, the White House said average tax refunds could jump “by $1,000 or more,” citing several media reports that reference early October research from investment bank Piper Sandler.\u00a0<\/p>\n<\/div>\n

<\/a>Why tax refunds could be bigger this season <\/h2>\n
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Four of Trump’s new tax breaks \u2014 the deductions for tip income, overtime, seniors and auto loan interest \u2014 go on a new form, known as Schedule 1-A<\/a>, which is part of individual tax returns.\u00a0<\/p>\n

As of March 4, some 43% of returns included Schedule 1-A, and refunds for those filings were $775 bigger than the typical refund last year, Frank Bisignano, Social Security Administration commissioner and IRS CEO, said this week during a House Ways and Means Committee hearing<\/a>.<\/p>\n<\/div>\n

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Trump’s bigger deduction limit for state and local taxes, known as SALT, could also boost refunds for eligible filers who itemize tax breaks, experts say. <\/p>\n

Some of the smaller changes include a bigger standard deduction and more generous child tax credit for 2025. <\/p>\n

However, tax refunds or balances due also vary based on workers’ paycheck withholdings, or other payments made throughout the year, experts say. <\/p>\n

“What I’m running into is [the changes are] providing hundreds of dollars of difference, not thousands of dollars,” Tom O’Saben, director of tax content and government relations at the National Association of Tax Professionals, told CNBC.<\/p>\n<\/div>\n

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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Tony Anderson | Digitalvision | Getty Images The\u00a0average tax refund\u00a0is 10.6% higher so far this season, compared to roughly the same period in 2025, according to the latest IRS filing data. As of Feb. 27, the\u00a0average refund amount\u00a0for individual filers was $3,742, up from $3,382 about one year ago, the IRS reported on Friday. The<\/p>\n","protected":false},"author":1,"featured_media":26285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[196],"tags":[396,162,567,314,627,101,1269,97],"class_list":{"0":"post-26284","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-news","8":"tag-average","9":"tag-data","10":"tag-early","11":"tag-filing","12":"tag-irs","13":"tag-refund","14":"tag-shows","15":"tag-tax"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/26284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26284"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/26284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/26285"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}