Tax refunds are up this year to an average of $2,290, early IRS numbers show. How does yours compare?

MarketWatch

by Andrew Keshner

February 14, 2026

AI-Generated Deep Dive Summary

The IRS has reported a notable increase in average tax refunds this year, reaching an estimated $2,290, up from previous years. This early data suggests that the new tax law introduced under President Trump is beginning to impact filers' wallets, with larger refund amounts reflecting potential benefits from the law's tax breaks. The IRS highlighted that "average refund amounts are strong," signaling a positive trend for taxpayers. The jump in refunds could indicate that the changes made by Trump's tax reforms are gradually taking effect, delivering on the administration's promise of economic relief for Americans. However, experts caution that while higher refunds may provide immediate financial relief, they don't necessarily signal long-term economic stability or growth. Some economists worry that increased refunds might also reflect a lack of awareness among taxpayers about how to optimize their filings for sustained benefits. For those curious about their refund's performance, comparing individual refunds to the national average can be insightful. Taxpayers who have seen significant increases in their refunds this year may want to consider whether these changes align with their financial goals or if they might need to adjust their strategies moving forward. Additionally, while larger refunds are generally welcomed, they should not be relied upon as a consistent source of income. This development underscores the importance of staying informed about tax policies and their implications for personal finances. For those interested in finance, understanding how tax laws evolve and impact refund amounts can provide valuable insights into broader economic trends and individual financial planning. As the filing season progresses, more data will likely emerge to offer a clearer picture of these trends. Ultimately, while larger refunds may feel like a win for taxpayers, they also highlight the need for careful financial management. For those looking to make informed decisions about their money, staying attentive to IRS updates and consulting with financial professionals can help ensure long-term fiscal health.

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Originally published on MarketWatch on 2/14/2026