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Why some tax refunds may actually be smaller than expected in 2026

Average IRS tax refunds rose 10.9% to $3,571 despite 0.9% fewer filers, with gains mainly benefiting higher earners and select groups, IRS data shows.

  • Despite White House projections for the "biggest tax refund season ever," many Americans are finding their actual 2026 refunds smaller than anticipated, falling short of expectations set by President Donald Trump's tax bill.
  • Federal benefits expert Eric Steffy of Federal Solutions Support explains that tax relief arrived as higher take-home pay throughout the year, reducing the final lump refund when less money is withheld from paychecks.
  • Internal Revenue Service data shows the average tax refund reached $3,571 as of March 20, a 10.9% increase over last year, though nearly a million fewer filers submitted returns this year.
  • Corey Husak, director of tax policy at Center for American Progress, notes that 55% of increased refunds go to those earning qualified overtime or paying large state and local taxes, leaving other groups behind.
  • Tax season 2026 ends on Wednesday, April 15, with the IRS and state agencies like the New Jersey Treasury providing online portals for taxpayers to track refund status before the deadline.
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Why some tax refunds may actually be smaller than expected in 2026

The Trump administration has projected "very large refunds" for taxpayers in 2026, but some may be less than thrilled with the amount of money they get back.

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Asbury Park Press NJ broke the news in Neptune City, United States on Monday, March 30, 2026.
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