IRS data show more than 37 million tax refunds totaling about $137 billion have been issued so far this filing season.
An individual tax return is a government form that reports all income for the previous year and any taxes due on it.
Key Points ・The average tax refund is $3,742 as of Feb. 27 - up 10.6% from $3,382 at the same point in 2025, according to the IRS. ・New deductions from President Trump’s tax legislation (covering tips ...