Average tax refund is up $350 compared to last year as IRS deadline approaches

The average tax refund is about $350 higher so far this season, compared with about the same period in 2025, according to the latest IRS filing data. As of March 27, the average refund amount for individual filers was $3,521, up from $3,170 roughly one year ago, the IRS reported on Friday. The IRS data reflects about 88.4 million individual returns received, out of about 164 million expected through the April 15 deadline. Read more CNBC personal finance coverage Market volatility poses a serious risk for new retirees. Here's how to prepare Trump's overtime deduction is a 'home run,' Treasury says. How it could change Stock market is in for 'choppy, bumpy ride,' strategist says. Here's how to play it Parents with student loans have limited time to secure forgiveness, affordable bills Social Security needs more money. The question is, who will pay? Should you 'buy the dip' amid the latest stock market volatility? What experts say Boston Fed: Credit card APRs have 'economically meaningful' impact on spending Retirement saver protection rule has died — for the second time More than 7 million student loan borrowers face deadline to leave SAVE plan Department of Labor proposes rules for including alternative assets in 401 s 31.5% of car buyers underwater on trade-ins; analyst says amount owed 'troubling' Why your tax refund may look different this year, and what's actually driving it Expecting to fight about money with your partner? You might be wrong: study Belle Burden's 'Strangers' highlights key financial red flags for women Average IRS tax refund is up 10.9%, latest filing data shows CNBC's Financial Advisor 100: Best financial advisors, top firms ranked This season, many filers are seeing bigger tax refunds based on changes enacted by President Donald Trump 's " big beautiful bill " in July. Most U.S. workers are W-2 employees, which means companies pay their taxes throughout the year via paycheck withholdings . Although Trump's legislation included 2025 tax cuts, t...