Episode Details
Back to EpisodesBigger Refunds in 2026 Tax Season
Description
Early IRS data reveals a surge in average refunds for the 2026 tax season, with a significant increase in payouts and refunds issued. This upswing is attributed to the One Big Beautiful Bill Act, which introduced deductions for tips, overtime pay, auto loan interest, and seniors. Despite the IRS not updating withholding tables for these changes, many filers overpaid and are now receiving larger returns. Tax professionals are observing the trend, noting that early numbers may fluctuate as more returns process. Anticipate a continued rise in refunds throughout the season, putting extra money in the pockets of filers nationwide.
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