IRS issues tax refund update: Average check drops from $3,700 — but there’s a silver lining for Americans

Trump himself has also highlighted the size of this year’s refunds (3), saying they “are substantially greater than ever before,” and even cautioning Americans: “Don’t spend all of this money in one place!”If you haven’t filed yet, you can find the new IRS Schedule 1-A and its related instructions — which allow filers to claim these new deductions — here .Notably, the Treasury said nearly 45% of filers have already claimed at least one of the new tax breaks on Schedule 1-A. More than 3.5 million returns cla ...