Taxpayers are expected to benefit from a series of new tax provisions enacted by President Trump in July.
According to recent data from the Internal Revenue Service, taxpayers are set to receive an 11% higher refund on average this year.
As of early February, tax refunds averaged $2,290, representing the 11% increase.
“Average refund amounts are strong,” said the IRS in a recent statement.
In July, President Trump enacted his landmark legislation. The One Big Beautiful Bill included a series of tax provisions that led to the higher tax refunds taxpayers are experiencing this year.
The legislation included a permanent extension of the tax cuts in President Trump’s 2017 Tax Cuts and Jobs Act.
The One Big Beautiful Bill permanently increased the child tax credit to $2,200. It eliminated tax on tips and overtime pay for workers across the country in an effort to return more dollars to the pockets of working Americans.
Tax season began on January 26, 2026. As of early February, the IRS received nearly 22.4 million returns.
According to the IRS, individuals who file their taxes electronically typically receive their refunds in less than 21 days.
“It’s important to note this week’s refund numbers do not include millions of EITC and ACTC refunds to these taxpayers. This means the refund numbers expected to be released Feb. 27, for refunds processed through Feb. 20, are expected to be higher. The IRS emphasizes it continues to see a strong filing season with refunds continuing to reach taxpayers as planned,” wrote the IRS in a statement.
According to data from the IRS, the average direct deposit refund amount in 2025 was $2,165. The current average refund amount for 2026 is $2,388.
The average refund amount could increase, as many households have yet to file their taxes this year. The IRS expects refund numbers to continue to increase.
