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Tax refunds are indeed larger than last year, according to the IRS

The IRS reported that tax refunds in 2026 are indeed larger than last year. We tell you how much more, who receives more money, and when

Tax refunds are indeed larger than last year according to the IRS
Time to Read 4 Min

It's been almost three weeks since the start of the 2026 tax season, and encouraging news is emerging for millions of taxpayers in the United States. Refund checks are arriving with higher amounts than in the same period last year. Official data confirms that, at least so far, many households are receiving some additional relief. The Internal Revenue Service (IRS) reported that, as of February 6, 2026, the average refund reached $2,290. This figure represents an increase of nearly 11% compared to the same point last season. “Average refund amounts are high,” the IRS begins in its statement. The tax filing season officially began on January 26, 2026. Since then, and through early February, the IRS has received nearly 22.4 million returns. Last year, by the same date, the figure was slightly higher, at 23.6 million. Experts anticipated this increase, as several projections indicated that taxpayers could benefit from an extra $1,000 in tax refunds due to tax changes approved in 2025. These included new provisions in the law known as “One Big, Beautiful Bill,” signed into law by President Donald Trump in July of that year. Despite the estimates, it's important to consider that the amount of refunds, even if they increase, varies from case to case. However, the overall picture points to more generous refunds in 2026. A January 30 analysis by Principal Asset Management indicated that the greatest benefits will likely be concentrated in the top 10% of households with the highest incomes. Lower-income taxpayers will also receive increases, but not as steep as those for wealthier families. The size of the refunds could also change as the season progresses. Andrew Lautz, director of tax policy at the Bipartisan Policy Center, The IRS explained in a report that the average usually starts low, peaks in mid-February, and then declines slightly toward the end of the season. According to data from the same research center, the average refund in 2025 was $2,939. This shows that, although the current average is higher than at the beginning of last year, it could still adjust as more returns are processed. The IRS updates its statistics every week during tax season.It also publishes revisions after the official filing deadline, which this year is April 15. The agency indicated that it expects refund figures to be even higher when it publishes its next update on February 27. A key reason is that by that date, more returns with refundable credits will have been processed. These include the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC), designed to support low- and moderate-income working families. Those who file electronically typically receive their money in less than 21 days, according to the IRS. That's why many taxpayers choose to submit their forms as soon as possible. Beyond expert calculations and estimates that your income level will also affect your ability to receive a larger tax refund, receiving money from Uncle Sam is always welcome. Review your documents thoroughly, don't miss the opportunity to claim as many tax credits and deductions as you qualify for, and, if necessary, consult a professional to help you take advantage of these opportunities. You may also be interested in:designed to support low- and moderate-income working families.

Those who file electronically typically receive their money in less than 21 days, according to the IRS. That's why many taxpayers choose to submit their forms as soon as possible.

Beyond expert calculations and estimates that your income level will also affect your ability to receive a larger tax refund, receiving money from Uncle Sam is always welcome. Review your documents thoroughly, don't miss the opportunity to claim as many tax credits and deductions as you qualify for, and, if necessary, consult a professional to help you take advantage of these opportunities.

This news has been tken from authentic news syndicates and agencies and only the wordings has been changed keeping the menaing intact. We have not done personal research yet and do not guarantee the complete genuinity and request you to verify from other sources too.

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