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IRS Reports Record Refunds as Tax Season Hits April Deadline

4/13/2026

30 2 Full Breakdown

Summary

Story summary

As of April 2026, Internal Revenue Service processed about 87.5 million tax returns, with 72% resulting in refunds, the highest in five years.
The average refund rose to $3,521 due to new deductions from the One Big Beautiful Bill Act.
Taxpayers who miss the April 15 deadline can file without penalties if owed a refund.
The IRS advises prompt filing and offers tools like Where’s My Refund to track status.

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Story summary

As of April 2026, Internal Revenue Service processed about 87.5 million tax returns, with 72% resulting in refunds, the highest in five years.
The average refund rose to $3,521 due to new deductions from the One Big Beautiful Bill Act.
Taxpayers who miss the April 15 deadline can file without penalties if owed a refund.
The IRS advises prompt filing and offers tools like Where’s My Refund to track status.