{"id":26527,"date":"2026-03-14T01:51:09","date_gmt":"2026-03-14T01:51:09","guid":{"rendered":"https:\/\/finderica.com\/?p=26527"},"modified":"2026-03-14T01:51:09","modified_gmt":"2026-03-14T01:51:09","slug":"average-irs-tax-refund-is-up-10-6-filing-data-shows","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=26527","title":{"rendered":"Average IRS tax refund is up 10.6%, filing data shows"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108277935\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Miniseries | E+ | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>The\u00a0average tax refund\u00a0is 10.6% higher so far this season, compared to about the same period in 2025, according to the latest IRS filing data.<\/p>\n<p>As of Mar. 6, the\u00a0average refund amount\u00a0for individual filers was $3,676, up from $3,324 about one year ago, the <a href=\"https:\/\/www.irs.gov\/newsroom\/filing-season-statistics-for-week-ending-march-6-2026\" target=\"_blank\" rel=\"noopener\">IRS reported on Friday<\/a>. The average is down from the $3,742 reported last week. <\/p>\n<p>The latest filing data reflects roughly 60.7 million individual returns received, out of about 164 million expected through the April 15 deadline.<\/p>\n<\/div>\n<div class=\"group\">\n<div class=\"RelatedContent-relatedContent\" id=\"RegularArticle-RelatedContent-1\">\n<div class=\"RelatedContent-container\">\n<div class=\"RelatedContent-nonCollapsibleContent\">\n<h2 class=\"RelatedContent-header\">Read more CNBC personal finance coverage<\/h2>\n<div class=\"group\">\n<ul>\n<li>Average IRS tax refund is up 10.6%, filing data shows<\/li>\n<li>IRS paper check changes trigger tax refund delays for more than 830,000 filers<\/li>\n<li>Did tariff dividend checks just become more likely? Economists weigh in<\/li>\n<li>&#8216;High oil prices are not good for mortgage rates,&#8217; economist says. What to know<\/li>\n<li>Iran war heightens affordability issues ahead of the Fed&#8217;s March meeting<\/li>\n<li>Couples often miss this &#8216;overlooked tax break&#8217; for retirement savers: CFP<\/li>\n<li>Trump administration has scaled back oversight of student loan servicers: GAO<\/li>\n<li>Social Security 2027 COLA forecast may rise with high oil prices<\/li>\n<li>You can&#8217;t &#8216;borrow your way out of debt,&#8217; expert says, but more people are trying<\/li>\n<li>Here&#8217;s the inflation breakdown for February 2026 \u2014 in one chart<\/li>\n<li>SAVE plan used by millions of student loan borrowers is over, court orders<\/li>\n<li>Identity theft and your taxes: It&#8217;s &#8216;a terrible reverse lottery,&#8217; one victim says<\/li>\n<li>As Iran war disrupts oil prices, consumers could be &#8216;hammered,&#8217; economist says<\/li>\n<li>Million-dollar earners have already stopped paying into Social Security for 2026<\/li>\n<li>Women and the K-shaped economy: Lower pay, affordability issues reduce spending<\/li>\n<li>CNBC&#8217;s Financial Advisor 100: Best financial advisors, top firms ranked<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Typically, the <a href=\"https:\/\/bipartisanpolicy.org\/issue-brief\/the-2026-tax-filing-season-what-to-know\/\" target=\"_blank\" rel=\"noopener\">average refund peaks <\/a>around mid-February, when data begins to include 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 that February spike, the average generally drops gradually through Tax Day. <\/p>\n<p>Republicans have highlighted the size of tax refunds as the midterm elections\u00a0approach, as both parties pitch talking points on affordability to potential voters. <\/p>\n<p>In a\u00a0<a href=\"https:\/\/www.whitehouse.gov\/articles\/2026\/01\/president-trump-delivers-largest-tax-refund-season-in-u-s-history\/\" target=\"_blank\" rel=\"noopener\">late January release<\/a>, the White House said average tax refunds could jump &#8220;by $1,000 or more,&#8221; citing several media reports that reference early October research from investment bank Piper Sandler.\u00a0<\/p>\n<\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline0\"><\/a>Why tax refunds are higher this season <\/h2>\n<div class=\"group\">\n<p>This season, many filers are seeing bigger tax refunds based on changes enacted in President\u00a0Donald Trump&#8217;s &#8220;<a href=\"https:\/\/www.irs.gov\/newsroom\/one-big-beautiful-bill-provisions\" target=\"_blank\" rel=\"noopener\">big beautiful bill<\/a>.&#8221;<\/p>\n<p>The IRS did not\u00a0<a href=\"https:\/\/www.irs.gov\/newsroom\/irs-announces-no-changes-to-individual-information-returns-or-withholding-tables-for-2025-under-the-one-big-beautiful-bill-act\" target=\"_blank\" rel=\"noopener\">adjust paycheck withholdings<\/a> after the July 2025 changes, which means many workers overpaid taxes through the rest of the year.<\/p>\n<p>But there could be &#8220;a lot of variation between taxpayers,&#8221; depending on 2025 withholdings and which new tax breaks apply to their situation, Garrett Watson, director of policy analysis at the Tax Foundation, previously told CNBC. <\/p>\n<\/div>\n<div class=\"group\">\n<p>As of Mar. 8, more than 27.5 million returns, which is <a href=\"https:\/\/home.treasury.gov\/news\/press-releases\/sb0414\" target=\"_blank\" rel=\"noopener\">nearly 45% of filings<\/a>, claimed at least one of Trump&#8217;s new tax breaks on <a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/f1040s1a.pdf\" target=\"_blank\" rel=\"noopener\">Schedule 1-A<\/a>, the U.S. Department of the Treasury said in a news release this week.<\/p>\n<p>Schedule 1-A, which feeds into <a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/f1040.pdf\" target=\"_blank\" rel=\"noopener\">tax returns<\/a>, is a new form that includes Trump&#8217;s deductions for overtime pay, tip income, seniors\u00a0and\u00a0auto loan interest. <\/p>\n<p>Meanwhile, the higher limit for the state and local tax deduction, or SALT, is only available to filers who itemize tax breaks rather than claiming the standard deduction. <\/p>\n<p>During tax year 2022, nearly\u00a0<a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/p4801.pdf\" target=\"_blank\" rel=\"noopener\">90% of returns<\/a>\u00a0used the standard deduction, based on the latest IRS data. The same year, about 15 million returns claimed the SALT deduction, which is fewer than 10% of filings.<\/p>\n<p>Those percentages are expected to rise for 2025, which could result in significantly bigger refunds for those who qualify, experts say.<\/p>\n<\/div>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108265885\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-108265885\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000403982\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><span class=\"InlineVideo-videoButton\"><\/span><span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.cnbc.com\/2026\/03\/13\/average-irs-tax-refund.html\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Miniseries | E+ | Getty Images The\u00a0average tax refund\u00a0is 10.6% higher so far this season, compared to about the same period in 2025, according to the latest IRS filing data. As of Mar. 6, the\u00a0average refund amount\u00a0for individual filers was $3,676, up from $3,324 about one year ago, the IRS reported on Friday. The average<\/p>\n","protected":false},"author":1,"featured_media":26528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[196],"tags":[396,162,314,627,101,1269,97],"class_list":{"0":"post-26527","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-filing","11":"tag-irs","12":"tag-refund","13":"tag-shows","14":"tag-tax"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/26527","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=26527"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/26527\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/26528"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}