It's Tax Day. Here's how big the average tax refund is in 2026.

CBS News
April 15, 2026
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2 min read

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The Bottom Line

Americans are receiving larger tax refunds this Tax Day 2026 due to new 2025 tax deductions.

How This Affects You

Many Americans are receiving larger tax refunds this year, providing more disposable income due to new tax deductions.

AI Summary

Americans are receiving larger tax refunds this Tax Day in 2026. This increase is a direct result of the 2025 "big, beautiful bill," which enacted new tax deductions. The legislation has led to a noticeable rise in the average tax refund for taxpayers this year. This change affects millions of Americans as they file their taxes and receive their returns.

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