Core Insights - Federal income-tax refunds for Americans are projected to increase significantly in 2026, influenced by President Trump's tax law, with individual refunds expected to rise by hundreds of dollars and total refunds by billions [1][2][5] Refund Projections - Average tax refunds could increase by an estimated $675, bringing the typical refund to nearly $3,800 per filer [3] - Intuit's TurboTax estimates suggest taxpayers might receive up to $1,000 more per refund next year, with current averages exceeding $3,000 [4] - Piper Sandler analysts project a collective increase of around $91 billion in refunds for 2025 taxes, translating to approximately $1,000 more per refund for taxpayers [5] Tax Breaks and Legislation - The anticipated increase in refunds is attributed to new and enhanced tax breaks under the One Big Beautiful Bill Act, including provisions like "no tax on tips" and a "senior bonus," which are retroactive to 2025 tax returns [6]
Your tax refund could be $1,000 bigger next year — and even more if you make these money moves in time
Yahoo Finance·2025-12-06 02:58