US Tax Refunds Trending Higher Early This Season, Early IRS Data Shows
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Americans are on track for larger tax refunds this year, early data suggests, but filing activity and processing remain lighter than last year.
According to the Internal Revenue Service‘s (IRS) data released on Friday, the average refund among returns processed so far climbed to about $2,290, up 10.9% from the same period in 2025.
Refunds: Bigger But Early
The IRS reported that just over 7.4 million refunds totaling roughly $16.95 billion have been issued since the 2026 tax season opened on Jan. 26 — a modest 1.9% increase in total dollars refunded compared with early 2025.
Earlier on Friday, Treasury Secretary and acting IRS Commissioner Scott Bessent told CNBC's "Squawk Box" that refunds were up 22%. But it was unclear how many days of returns Bessent's figure reflected or what compari
According to the Internal Revenue Service‘s (IRS) data released on Friday, the average refund among returns processed so far climbed to about $2,290, up 10.9% from the same period in 2025.
Refunds: Bigger But Early
The IRS reported that just over 7.4 million refunds totaling roughly $16.95 billion have been issued since the 2026 tax season opened on Jan. 26 — a modest 1.9% increase in total dollars refunded compared with early 2025.
Earlier on Friday, Treasury Secretary and acting IRS Commissioner Scott Bessent told CNBC's "Squawk Box" that refunds were up 22%. But it was unclear how many days of returns Bessent's figure reflected or what compari
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This analysis was generated using Pulse AI, Glideslope's proprietary AI engine designed to interpret market sentiment and economic signals. Results are for informational purposes only and do not constitute financial advice.
