Erica York: Average U.S. tax refund remains $350 higher as total refunds up $23 billion

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Olesia Kramarenko

27.03.2026

Erica York: Average U.S. tax refund remains $350 higher as total refunds up $23 billion — U.S. tax refunds up $23 billion

U.S. taxpayers are receiving higher refunds this season, with the average refund staying about $350 above last year's average. Erica York highlights that this trend continues the usual pattern of small week-over-week declines in tax refund values.

So far, total refunds have risen by $23 billion, showing a significant increase in overall tax refund payouts.

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Last week, Erica York reported that the average U.S. tax refund was $352 higher than the previous year, despite a $53 weekly decline to $3,623. Total refunds at that stage were up nearly $20 billion compared to 2023, according to her previous data. York has also covered persistent cost pressures facing U.S. manufacturers from tariffs, with input prices reported as elevated but stable.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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