The Economic Times

Tax filing deadline 2026: When is the IRS due date and why tax refunds are higher this year as BoFA says refunds are set to rise

Tax filing deadline 2026: Bank of America reports tax refunds will jump 10% this year, hitting a record $4,100 average. The official IRS tax filing deadline is April 15, 2026. New 2025 tax law changes increased the standard deduction significantly. This creates a larger gap between your paycheck withholding and your actual tax bill. Expect your direct deposit within 21 days. File early to secure your umper refund and avoid late IRS penalties.