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The Economic Times

Top News / The Economic Times

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Biggest tax refund ever? Trump teases huge returns, but filing rules could change

Biggest tax refund 2026: Americans can expect bigger tax refunds this year. New deductions and credits are set to increase average returns by up to $1,000. The IRS is moving to electronic payments, so direct deposit is recommended. Simpler math error notices will also be issued. Standard deductions are rising, and overtime and tipped income may see tax relief.

9 Jan 2026 12:59 am