Trump promised tax refunds would jump '$1,000 or more'. The gains will go to wealthy Americans, experts say [View all]
In January, tax refunds were looking up. By March, not so much.
At the start of the year, the White House projected that 2026 tax refunds would increase by “$1,000 or more” compared to 2025. Provisions in President Donald Trump’s One Big Beautiful Bill - no tax on tips, overtime or Social Security - would help drive the projected refund amounts, the White House noted.
But the latest Internal Revenue Service data, from March 27, shows the average refund was only $351 higher than refund amounts through March 2025, according to a review by The Independent.
And while the average may increase through the end of the year, those left with more than a grand in their pocket will be America’s highest earners, experts say.
https://www.yahoo.com/news/articles/trump-promised-tax-refunds-jump-195010909.html
Of course they will.
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