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

March 30, 2026

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.

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Tax Refunds Up Nearly 11%, With Over 37 Million Cashing In On New Tax BreaksMarch 30, 2026 - 7:49 pm
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 TaxesMarch 23, 2026 - 9:12 pm
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.
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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 WorkMarch 9, 2026 - 9:32 pm
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 SystemMarch 2, 2026 - 9:08 pm
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Eight Tax Deductions For Homeowners Under The One Big Beautiful BillFebruary 23, 2026 - 8:13 pm
There are eight tax breaks for homeowners you’ll want to know about, updated for the 2026 tax year and reflecting changes from the One Big Beautiful Bill. Remember, these guidelines apply to the 2026 tax year, which you will file in 2027.
IRS Issues Stern Warning For Taxpayers Claiming Two Popular CreditsFebruary 16, 2026 - 8:48 pm
The IRS is warning taxpayers that refunds may be delayed if they claim two of the most popular credits available. If you’re expecting a refund that includes either of these credits, it’s important to factor in the potential delay when budgeting for the months ahead.
IRS Issues Advice To Millions Ahead Of Tax DeadlineFebruary 9, 2026 - 10:16 pm
According to an official press release, the IRS urges taxpayers to create an Individual Online Account to securely access tax information and reduce the risk of identity theft. The account will also make managing federal taxes easier while saving time by reducing the need to call the agency.

Tag Archive for: tips exemption

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

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