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Story summary
- Tax refunds are up 11% this year, with the average refund at $3,521, up from $3,170 in 2025.
- The increase stems from changes under One Big Beautiful Bill Act, signed by U.S. President Donald Trump, adding deductions.
- Nearly 72% of returns have resulted in refunds, the highest share in five years.
- Higher gas prices and tariffs affect households, while the IRS reports 88 million returns and $221.7 billion in refunds.
