Average Tax Refund up Nearly 11 Percent so Far This Filing Season
The average refund increased 10.9% to $2,290 as fewer returns were filed and processed, with total refunds rising 1.9% despite an 8.1% drop in refunds issued, IRS data shows.
- Data show the IRS reported as of Feb. 6, average refunds increased 10.9% to $2,290, despite a slower filing pace.
- The totals show nearly $16.7 billion was refunded, rising 1.9% to almost $17 billion, while over 7.4 million refunds were issued as of Feb. 6, and nearly 22.4 million returns received, down from last year.
- Average direct deposit data show the average direct deposit refund is $2,388, up 10.3% from $2,165 last year, and taxpayers preparing to file are advised to set up direct deposit to receive refunds sooner.
- IRS guidance shows e-filed returns process within 21 days, mailed returns take six weeks or more, amended returns up to 16 weeks, and taxpayers can check status within 24 hours using the `Where's my refund?` tool.
- Treasury Secretary Scott Bessent said taxpayers will receive large refunds this filing season and expects `VERY LARGE` tax refunds early next year.
21 Articles
21 Articles
Your Tax Refund This Year May See a Nice Boost
Tax season just started, and early birds are already seeing fatter checks from the IRS. As of Feb. 6, the average refund has been coming in at $2,290, almost 11% higher than at this point last year, according to new IRS data . The agency says refund amounts are "strong,...
Average tax refund is nearly 11% higher so far this year, IRS data shows
Early tax filers are enjoying bigger refunds compared to the same time last year, according to the latest figures from the Internal Revenue Service. As of Feb. 6, 2026, tax refunds averaged $2,290, up nearly 11% from the same point last year. “Average refund amounts are strong,” the IRS said in a statement last week. Forecasters have predicted filers would benefit from larger checks this year due to a series of new tax provisions included in the…
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