
Americans are receiving bigger tax refunds this year. Internal Revenue Service data shows refunds increased more than 10% compared with the last filing season. As of 27 February, the average US tax refund was $3,742, up from $3,382 a year earlier.
The IRS has already disbursed $136.6 billion in refunds this tax season to 36.5 million taxpayers, up 9.4% from $124.8 billion a year earlier. US President Donald Trump's tax reforms and breaks on overtime and tips could be driving the higher refunds.