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Tax refunds average $3,521, up 24% due to new legislation.
Tax refunds this year are up 24% compared to the four-year average before President Donald Trump took office, with the average refund reaching $3,521.
The Trump administration attributes the increase to Republican tax legislation including no tax on tips, no tax on overtime, and deductions for car loan interest.
While the Congressional Budget Office projects the tax law will add $4.2 trillion to the national debt by 2034, officials maintain the higher refunds provide immediate financial relief to households.
Taxpayers have until April 15 to file.
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Los reembolsos de impuestos promedian $3,521, un 24% más debido a una nueva legislación.