More Americans Struggled With Debt Over the Past Year. Larger Tax Refunds Will Be Essential

KEY TAKEAWAYS More than one-third of Americans will use this year's tax refund to pay down debt.The average tax refund for the 2026 filing season is expected to be $750 higher than the previous year.Consumers can use their refunds to help pay down the rising debt levels that many Americans have struggled with in 2025. Get personalized, AI-powered answers built on 27+ years of trusted expertise. More than two-thirds of Americans expect to receive a tax refund this year, and the majority will use it to ...