Here is why your tax refund might be more this year
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Here is why your tax refund might be more this year

  • January 26, 2026

(CNN) – Tax season is here, and many Americans could see higher refunds this year.

The Treasury Department estimates tax refunds will average $1,000 more per household.

Many filers did not adjust their withholdings when recent income tax breaks began, which may be why refunds are higher.

A new law also boosted the standard deduction for many tax filers. Congress boosted it by $750 to $15,750 for single filers and by $1,500 to $31,500 for married couples filing jointly.

It also expands state and local tax deductions and gives a new break for some seniors.

You can file your taxes beginning Monday through April 15.

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