Tax Day is here, and the IRS is issuing bigger refunds to more people

(NewsNation) – It’s Tax Day, and taxpayers have until midnight to file or request an extension.

Most people are seeing their refunds increase by about 11% this year, with an average refund of $3,500 — and more people are getting refunds. The IRS issued nearly 70 million tax refunds through April 4 compared to nearly 68 million at that point last year and about 66.8 million in 2024.

Thanks to changes in President Donald Trump’s “One Big Beautiful Bill,” there are new deductions for seniors, tip income, overtime pay and car loan interest, generating a $775 boost to the average refund, according to the IRS.

Tax returns could help Americans struggling with high costs

But with higher prices at the gas pump and the grocery store, many Americans may........

© The Hill