Bigger Refunds in 2026? IRS Reveals How Much More You Could Get

The 2026 tax season is off to a strong start and this time, it’s good news for your wallet.

Early data from the Internal Revenue Service shows that refunds are already higher than last year, giving taxpayers a potential financial boost.

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Refunds Are Already Up in 2026

As of early February, the average refund sits at $2,290, marking a 10.9% increase compared to the same time in 2025.

And it may not stop there.

Financial analysts from Piper Sandler suggest that final average refunds could rise by as much as $1,000 per filer as the season progresses.

 

Why Are Refunds Bigger This Year?

Several factors are driving the increase:

• New tax law changes passed in mid-2025

• Adjustments that benefit both higher earners and everyday taxpayers

• Improved processing efficiency by the IRS

While higher-income households may see the biggest gains, low- and middle-income filers are still expected to receive larger refunds than last year.

 

Numbers You Should Know

• $16.954 billion already refunded (higher than 2025)

• $2,388 average refund for direct deposit users

• 22.4 million returns filed so far

• 35% spike in IRS website traffic

 

Why Some Refunds Are Delayed

Not everyone will see their money right away.

Due to the PATH Act, refunds that include certain credits are held until mid-February, including:

• Earned Income Tax Credit (EITC)

• Additional Child Tax Credit (ACTC)

 

How to Get Your Refund Faster

• File electronically

• Choose direct deposit

• Double-check all details to avoid delays

Most error-free returns are processed within 21 days.

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