Your Tax Refund Will Probably Be Bigger This Year. Here's What to Do With It.

Due to the "big, beautiful bill" passed last year, many taxpayers can expect a larger refund from the Internal Revenue Service this tax season. That's because the bill reduced individual taxes by $129 billion for 2025. But many Americans didn't change their withholding for the year, so they'll get back the extra amounts withheld from their paychecks in their tax returns. As of late February, the average refund is a bit more than 10% higher so far this year, pushing the average refund amount for individua ...