Average IRS tax refund is up 10.8%, new filing data shows
The average IRS tax refund is up 10.8%, based on new filing data. Here's what you can expect.
Last updated: 2026-03-21 06:58:13 ET
Pulse AI Brief
Updated Mar 21, 2026 5:16 AM ET
A federal judge ruled that the Pentagon's new press policy violates the First Amendment, striking down restrictions that gave the Defense Department broad authority to punish journalists and outlets over coverage. The ruling came in a lawsuit brought by the New York Times and followed an exodus of reporters from Pentagon briefings.
This decision has limited direct market impact but strengthens institutional checks on executive power. Media companies and press freedom advocates benefit from the precedent; defense contractors face increased transparency scrutiny on military operations and spending.
The ruling reasserts judicial limits on wartime executive authority and reaffirms press freedom as a constitutional constraint. During the Iran conflict, this decision ensures continued public access to military information, complicating government messaging control during active operations.
The average IRS tax refund is up 10.8%, based on new filing data. Here's what you can expect.
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