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Started By
Message
Ave. tax refund 22% higher
Posted on 2/13/26 at 7:34 am
Posted on 2/13/26 at 7:34 am
quote:CNBC
The average tax refund is 22% higher so far this season, Treasury Secretary and acting IRS Commissioner Scott Bessent told CNBC’s “Squawk Box” on Friday.
The 2026 tax season opened Jan. 26, and the IRS has not yet released official filing data. It’s unclear how many days of returns Bessent’s figure reflects or what comparison period he used.
However, “early data can be deceiving,” Andrew Lautz, director of tax policy for the Bipartisan Policy Center, a nonprofit think tank, wrote in a tax season guide on Jan. 22.
In 2025, the average refund for individual filers was $3,052 through Oct. 17, according to the IRS.
14
Posted on 2/13/26 at 7:37 am to bigjoe1
YUP, and Consumer prices rose 2.4% annually in January, less than expected.
DJT and his crew are ROLLING BABY!....
DJT and his crew are ROLLING BABY!....
Posted on 2/13/26 at 7:37 am to bigjoe1
The Trump/Bessent plan.
Posted on 2/13/26 at 7:42 am to bigjoe1
quote:
The 2026 tax season opened Jan. 26, and the IRS has not yet released official filing data. It’s unclear how many days of returns Bessent’s figure reflects or what comparison period he used.
You know who files early...
But yay!!!
This post was edited on 2/13/26 at 7:43 am
Posted on 2/13/26 at 7:43 am to bigjoe1
I haven’t filed yet but I’m skeptical that I will pay less in taxes this year since I don’t work overtime or receive tips and only have one child under 17. Oh well, good for the rest of the country.
Posted on 2/13/26 at 7:45 am to Jorts R Us
I just hope I don’t owe.
I had about 10k in 1099 income that I have to pay taxes on so if I break even that would be a win vs paying thousands every April for the last 12 years.
I had about 10k in 1099 income that I have to pay taxes on so if I break even that would be a win vs paying thousands every April for the last 12 years.
Posted on 2/13/26 at 7:47 am to bigjoe1
Next goal is 36% less tax paid.
Baby steps to 100%.
Baby steps to 100%.
This post was edited on 2/13/26 at 7:48 am
Posted on 2/13/26 at 7:53 am to bigjoe1
What are these "refunds" that you speak of ?
Posted on 2/13/26 at 7:53 am to BestBanker
quote:
Next goal is 36% less tax paid.
Baby steps to 100%.
Hate to break it to you, we'll always be paying taxes on something.
Maybe we go to the "Fair Tax" system and don't have income/FICA taxes (though doubtful), but taxes overall are not going away.
Posted on 2/13/26 at 7:55 am to bigjoe1
Only 40% of people pay taxes so that means a lot of welfare queens getting a new weave and iPhone this year
Posted on 2/13/26 at 7:57 am to bigjoe1
i am +$4k on my return thanks to the no tax on OT.
Posted on 2/13/26 at 8:00 am to bigjoe1
quote:
Ave. tax refund 22% higher
So early filers who don't work are getting a lot of money back. This is one of the most self owned threads I've seen.
Posted on 2/13/26 at 8:53 am to bigjoe1
did mine and paid almost half of last year
Posted on 2/13/26 at 9:29 am to Rize
quote:We adjusted our withholding amount because of this, so it went from about $3K to $1k owed. I am not sure why the OP is significant..you get a bigger ‘refund’ if you have tax credits or you over-withhold. The amount we paid is about 2.5% less than last year relative to income changes, so that pretty much lines up with inflation.
a win vs paying thousands every April for the last 12 years
Posted on 2/13/26 at 9:30 am to boogiewoogie1978
quote:
So early filers who don't work are getting a lot of money back. This is one of the most self owned threads I've seen.
Yep…I typically don’t file my return until September.
Posted on 2/13/26 at 9:32 am to bigjoe1
How are you folks getting so much refund. My average last few years has been around 1000, I just pay it forward to next year's taxes and state tax has always been negative so I end up cutting a check to them
Posted on 2/13/26 at 9:34 am to el Gaucho
quote:
lot of welfare queens getting a new weave and iPhone this year
But the Ballers will get a used Altima at a Buy Here Pay Here Lot, then total it after making 2 payments, but the car people have insurance for dat!
Posted on 2/13/26 at 10:11 am to Zahrim
quote:
I am +$4k on my return thanks to the no tax on OT.
I was going to break even without the OT tax legislation. Getting back $3K because of it.
Posted on 2/13/26 at 10:12 am to bigjoe1
Our's is the highest I've seen, but glad some are seeing better.
Posted on 2/13/26 at 10:16 am to AUCom96
Getting 5.1k back.
Usually is around 1k
Usually is around 1k
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