On average, Americans are receiving an 11% larger tax refund ($3,521) this year. That’s according to filing season statistics as of March 27, 2026. The IRS stats also show that the agency has paid 63 million refunds totaling $221.7 billion this tax season. U.S. Treasury Secretary Scott Bessent credits new deductions for qualified tips and overtime under the One Big Beautiful Bill Act. He says that more than 4.6 million individuals have claimed deductions for tips and 25% of filers have taken overtime-related deductions this filing season. At a recent Long Island Business Roundtable, Bessent said that nearly 20 million taxpayers have benefited from the overtime deduction.
