Average tax refund is 10.2% bigger than last year

Still working on your taxes? The latest IRS tax filing data shows that over 41 million returns have already been processed this year, with the average refund totaling $3,804, a 10.2% increase over the same week last year. The total amount refunded — over $109.33 billion as of Feb. 20 — is up more than 6.9% from last year. That's due to tax changes passed in July 2025. The One Big Beautiful Bill Act ushered in new tax breaks, including an extra deduction for seniors, deductions for overtime pay and tips, ...