{"id":42530,"date":"2026-03-27T19:02:58","date_gmt":"2026-03-27T19:02:58","guid":{"rendered":"https:\/\/financialrush.com\/?p=42530"},"modified":"2026-03-27T19:02:58","modified_gmt":"2026-03-27T19:02:58","slug":"average-irs-tax-refund-is-up-10-9-latest-filing-data-shows","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=42530","title":{"rendered":"Average IRS tax refund is up 10.9%, latest filing data shows"},"content":{"rendered":"

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Pheelings Media | Istock | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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The\u00a0average tax refund<\/a>\u00a0is 10.9% higher so far this season, compared with about the same period in 2025, according to the latest IRS filing data.<\/p>\n

As of March 20, the\u00a0average refund amount<\/a>\u00a0for individual filers was $3,571, up from $3,221 roughly one year ago, the IRS reported on Friday. <\/p>\n

The IRS data reflects about 79 million individual returns received, out of about 164 million expected through the April 15 deadline.<\/p>\n<\/div>\n

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Read more CNBC personal finance coverage<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

How average tax refunds could shift <\/h2>\n
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After several weeks of average refund data, it’s “less likely we’re going to see a major change” before the April 15 tax deadline, William McBride, chief economist at the Tax Foundation, told CNBC.<\/p>\n

But the average could still rise as taxpayers claim the bigger deduction for state and local taxes<\/a>, known as SALT, he said. Trump’s legislation raised the SALT limit to $40,000, up from $10,000, for 2025.<\/p>\n

“It’s a pretty big deal for higher-income folks that live in expensive cities,” McBride said. “Those people don’t tend to file [tax returns] early.” <\/p>\n

While many tax forms<\/a> arrive by late January, higher-earning investors could wait longer for forms detailing brokerage account assets or business income, experts say.<\/p>\n<\/div>\n

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However, you must itemize tax breaks, rather than claim the standard deduction, to benefit from the more generous SALT cap for 2025. <\/p>\n

During tax year 2022, nearly\u00a090% of returns<\/a>\u00a0used the standard deduction, based on the latest IRS data. In the same year, about 15 million returns claimed the SALT deduction, fewer than 10% of filings.<\/p>\n

For 2025 returns, there could be more itemizers due to the SALT deduction change, experts say. <\/p>\n<\/div>\n

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