Max Rego, “How are Americans spending their tax refunds this year?” (The Hill, April 26, 2026), provides an overview of initial Treasury data:
[T]he average tax refund this filing season was more than $3,400, an increase of 11 percent from last year.
Treasury also said that more than 53 million filers utilized at least one of the provisions offered under the One Big Beautiful Bill Act (OBBBA), which President Trump signed into law last July.
More than 25 million filers, for instance, deducted their overtime pay — averaging out to more than $3,100 per filer. Under the law, individuals can deduct up to $12,500 of the “half” portion of their “time-and-a-half” overtime pay.
