Taxes: Ready for that big, beautiful refund?

Americans will get to keep more of their cash this year, giving the economy a lift, said The Economist. The One Big Beautiful Bill Act passed by congressional Republicans last July should result in “jumbo-size refund checks” being sent to many taxpayers in the coming months, with estimates for the aggregate boost ranging from $30 billion to $100 billion. For the average taxpayer in 2026, that means “$3,800 back from the government, compared with $3,000 over the past two filing seasons,” according to the Tax Foundation.