2026 average tax refund climbs to $3,462 as new deductions kick in
TL;DR
The IRS reports the average 2026 tax refund is $3,462, up 11% from 2025, helped by new deductions from the One Big Beautiful Bill Act; about 70 million filers have already received refunds, with many using the money to cut debt or save, while higher gas prices may influence overall spending.
Topics:nationeconomy#economy#gas-prices#irs-data#one-big-beautiful-bill-act#overtime-deduction#tax-refunds
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