{"id":43125,"date":"2026-04-17T19:13:39","date_gmt":"2026-04-17T19:13:39","guid":{"rendered":"https:\/\/financialrush.com\/?p=43125"},"modified":"2026-04-17T19:13:39","modified_gmt":"2026-04-17T19:13:39","slug":"average-tax-refund-is-11-2-higher-latest-irs-filing-data-shows","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=43125","title":{"rendered":"Average tax refund is 11.2% higher, latest IRS filing data shows"},"content":{"rendered":"

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Milan Markovic | E+ | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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The\u00a0average tax refund<\/a>\u00a0is 11.2% higher this season, compared with about the same period in 2025, according to the latest IRS filing data.<\/p>\n

As of April 10, the\u00a0average refund amount<\/a>\u00a0for individual filers was $3,397, up from $3,055 about one year ago, the IRS reported on Friday.<\/p>\n

The IRS data reflects about 114 million individual returns received, out of\u00a0about 164 million expected<\/a>\u00a0through Tax Day. Next week’s filing update is expected to include data 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
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President Donald Trump<\/a>‘s 2025 legislation, rebranded to the “working families tax cuts,” was a key talking point for Republicans on Tax Day. <\/p>\n

With the November midterm elections approaching and Republicans defending slim majorities in Congress, many GOP lawmakers have highlighted Trump’s tax breaks and higher average refunds. <\/p>\n

Meanwhile, affordability has been top of mind for many Americans amid rising costs<\/a>\u00a0of gas, electricity, food and other living expenses.<\/p>\n

For filers who expected a refund this season, nearly one-quarter, or 23%, planned to use the funds to pay down credit card debt, and the same share said they would save the payment, according to the\u00a0CNBC and SurveyMonkey Quarterly Money Survey<\/a>, released in April. It polled 3,494 U.S. adults at the end of March.<\/p>\n<\/div>\n

Who benefited from Trump’s ‘big beautiful bill’\u00a0<\/h2>\n
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“It’s been a great tax season for the American people,” many of whom have benefited from Trump’s tax breaks, Treasury Secretary Scott Bessent<\/a> said during a White House press briefing<\/a> on Wednesday.\u00a0<\/p>\n

More than 53 million filers claimed at least one of Trump’s “signature new tax cuts” \u2014 the deductions for tip income<\/a>, overtime earnings<\/a>, seniors<\/a> and auto loan interest<\/a> \u2014 the U.S. Department of the Treasury also announced on Wednesday.<\/p>\n

Those filers, who claimed the deductions on Schedule 1-A<\/a>, have seen an average tax cut of over $800, according to the Treasury. Tax cuts can trigger a higher refund or reduce taxes owed, depending on the filer’s situation.\u00a0<\/p>\n<\/div>\n

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Some filers who itemize tax breaks have also seen benefits from the bigger federal deduction limit for state and local taxes<\/a>, known as SALT. Trump’s legislation raised that cap to $40,000, up from $10,000, for 2025. <\/p>\n

The latest SALT deduction limit change is expected to\u00a0primarily benefit higher earners<\/a>, according to a May 2025 analysis of various proposals from the Tax Foundation. <\/p>\n

The Treasury has not released data on how many filers have claimed the SALT deduction during the 2026 filing season.\u00a0<\/p>\n<\/div>\n

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/div>\n<\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Milan Markovic | E+ | Getty Images The\u00a0average tax refund\u00a0is 11.2% higher this season, compared with about the…\n","protected":false},"author":3,"featured_media":43126,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":{"0":"post-43125","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"cs-entry","9":"cs-video-wrap"},"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/43125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43125"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/43125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/43126"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}