BriefApril 16, 2026 · 05:30 PM
Retroactive Tax Cuts Increase Average Refund to $3,521
The average tax refund hit $3,521 as of the week ending March 27, an 11.1% increase over the same point last year. The IRS issued more than 62 million refunds totaling about $222 billion up to late March. This increase reflects retroactive 2025 tax cuts in the One Big Beautiful Bill Act (OBBBA), which expanded standard deductions, increased the Child Tax Credit, and created new deductions for tips, overtime, and older adults.
Logan Thorne
TaxationFederal Tax LawIRS
More Briefs
Apr 16
View All Briefs →BlackRock leverages private market acquisitions to outpace S&P 500 decline
Apr 16The top 1% of Social Security retirees receive checks averaging $4,140 monthly
Apr 16Cypherpunk Technologies now owns 1.82% of the Zcash network
Apr 16S&P 500 Gains 10% After Geopolitical Shock as Energy Intensity Drops