Photoalto/eric Audras | Photoalto Agency Rf Collections | Getty Images With the federal tax deadline less than one month away, tax refunds are higher on average compared with last year, but the change has been smaller than some early projections. In a January release, the White House said average tax refunds could increase “by $1,000 or…
Xavier Lorenzo | Moment | Getty Images As many Americans see higher tax refunds this season, some are facing payment delays amid the IRS push to phase out paper checks. House Ways and Means Committee Democrats this week sent a letter to Treasury Secretary and acting IRS Commissioner Scott Bessent, seeking answers about the more…
Miniseries | E+ | Getty Images The average tax refund is 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 average refund amount for individual filers was $3,676, up from $3,324 about one year ago, the IRS reported on Friday. The average…
Pnc | Stockbyte | Getty Images Millions of taxpayers have already filed to claim President Donald Trump‘s new “no tax on overtime” deduction. But some filers could risk errors on their tax return, experts say. Enacted via Trump’s “big beautiful bill,” the overtime tax break allows certain workers to deduct up to $12,500 for single…
Tony Anderson | Digitalvision | Getty Images The average tax refund is 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 average refund amount for individual filers was $3,742, up from $3,382 about one year ago, the IRS reported on Friday. The…
Andreypopov | Istock | Getty Images The average tax refund is 10.2% higher so far this season, compared to about the same period in 2025, according to the latest IRS filing data. The year-over-year percentage change is down from the 14.2% increase reported last week. As of Feb. 20, the average refund amount for individual filers was…
In his State of the Union address, President Donald Trump described soon-to-launch Trump accounts as “tax-free investment accounts for every American child.” “This is something that’s so special, has taken off and gone through the roof,” Trump said in the annual speech before Congress. The accounts, created under Trump’s “big beautiful bill,” function largely like a traditional…
Jose Luis Pelaez Inc. | Blend Images | Getty Images The average tax refund is 14.2% higher so far this season, compared to about the same period in 2025, according to early IRS filing data. As of Feb. 13, the average refund amount for individual filers was $2,476, up from $2,169 about one year prior, the IRS…
On the heels of a massive publicity push, including a Super Bowl 60 ad and a billboard in New York’s Times Square, families have filed about 2 million forms to open Trump accounts, Treasury Secretary Scott Bessent said at an event near Dallas on Friday. “As we approach 2 million forms, that will probably be…
Artistgndphotography | E+ | Getty Images With many expecting a bigger tax refund this season, there may be an incentive to file returns sooner. But that doesn’t mean you should rush to send yours. First, you’ll need all the necessary tax forms, or you could risk processing delays — or worse, experts say. Every year,…
