The average American is getting a $3,521 tax refund as of March 27, 2026, according to the IRS - that's over 11% more than the average 2025 refund. The One Big Beautiful Bill Act gave Americans new tax breaks, including eliminating most income tax on tips and overtime, allowing a deduction for certain auto loan interest, and creating a new deduction specifically for seniors. As a result, tax refunds are higher than ever.