Tax refunds are bigger than ever this year, but residents of 5 states are cashing in the most

Americans are facing a midnight deadline to file their 2025 tax return, but the refunds that await the majority of taxpayers are larger on average than a year ago – with taxpayers in certain states receiving higher refunds, according to a new report.An analysis by Upgraded Points of how refund amounts have changed across geographic areas and income levels finds that the estimated average refund for 2026 is $3,571, with 72.9% of taxpayers receiving refunds. That's above the record set in 2022 of $3,252, though the share of refund recipients is down from 77.1% in 2021.The larger refunds across t...

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