Tax Refunds Up Nearly 11%, With Over 37 Million Cashing In On New Tax Breaks

About 44% of filers—around 37.5 million people—have claimed at least one of the new provisions under the One Big Beautiful Bill, including exemptions on tips and overtime pay. The average refund currently stands at $3,571, up from $3,221 in 2025.

IRS Issues Harsh Warning About AI And Taxes

Alongside its benefits, AI is also creating new risks—especially when it comes to taxes.The IRS is now sounding the alarm about how this technology could be exploited to target taxpayers.

Tax Refunds 10.2% Higher Than Last Year, With An Average Refund Of $3,800

Even though 2025 has ended, you still have time to potentially increase your refund or reduce the taxes you owe before the April 15 deadline. There are a few strategies to consider.

Trump Accounts Aren’t Exactly ‘Tax-Free,’ As President Said. Here’s How They Work

Created under the 'Big Beautiful Bill', the accounts will function similarly to a traditional IRA once a child turns 18, according to guidance issued in December by the U.S. Department of the Treasury and the IRS.

IRS Warns Americans About Tax Scams With New Fraud Reporting System

The IRS encourages both taxpayers and tax professionals to take additional steps to safeguard their financial and personal information. The agency has also introduced a new online tool designed to make reporting fraud easier and more secure.