Americans are about to see a hefty boost in their tax refunds, averaging an extra $1,000 for the 2026 season.
The increase, driven by President Donald Trump’s Working Families Tax Cuts Act—also dubbed the One Big Beautiful Bill Act—signed last year, is projected to push total refunds to $429 billion, up from $329 billion in the prior year, according to Treasury Department estimates, with typical payouts exceeding $4,000 per filer as the tax filing season opened this week.
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