Americans face a midnight deadline to file their 2025 tax returns, but the refunds awaiting the majority of taxpayers are larger on average than a year ago – with taxpayers in some states receiving refunds. higher reimbursementsaccording to a new report.
An analysis by Improved points Analyzing how refund amounts change across geographies and income levels reveals that the estimated average refund for 2026 is $3,571, with 72.9% of taxpayers receiving refunds. That’s above the record set in 2022 of $3,252, although the share of refund recipients is down from 77.1% in 2021.
The largest refunds across the country follow the enactment of the One Big Beautiful Bill Act, which extended a series of tax policies that were about to expire and included new policies to provide tax relief on income from tips and overtime, Social Security and other provisions such as the auto loan interest deduction for new cars made in the United States.
Although these policy changes affected all U.S. taxpayers, residents of some states are receiving larger refunds than their peers in other parts of the country, based on IRS data used to write the report.
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Florida taxpayers are receiving the largest average tax refunds this year, according to the report. (Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images)
Improved points analysis found that the state with the highest average reimbursement was Florida with $4,433 after adjusting for inflation. This represents more than 11.1 million federal tax returns filed, 67.1% of which resulted in a refund for the taxpayer.
“While Tax Day is not typically a day of celebration, Americans can rejoice knowing that they will likely receive a larger tax return or owe less than in years past. I am proud to have supported the Working Families Tax Cut – the largest tax cut in history for working Americans,” the senator said. Ashley MoodyR-Fla., told FOX Business.
“On average, Floridians will receive the largest federal tax refunds in the country, keeping hard-earned dollars in the pockets of workers, families and businesses,” Moody added.
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Collier County, Florida, where the city of Naples is located, ranks among the top five largest average tax refunds. (iStock)
Texas ranked second with an average refund of $4,344 on 13.6 million returns filed by Lone Star State taxpayers, 71.3% of whom received a refund.
Two Mountain West states ranked third and fourth, with Wyoming taxpayers getting an average refund of $4,282, with 68.8% of the 280,750 returns filed receiving a refund, followed by from Nevada average refund of $4,193, with 69.6% of the Silver State’s 1.6 million returns receiving a refund.
Louisiana rounded out the top five with an average refund of $4,117 on nearly 2 million returns filed with a refund rate of 73%, which Upgraded Points says ranks as the third highest refund rate among states.
The report’s county-level data showed even higher reimbursements in the nation’s wealthy enclaves.
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Teton County, Wyoming, where Jackson lives, enjoyed the largest average tax refunds among U.S. counties. (Daniel Acker/Bloomberg via Getty Images)
Teton County, Wyominghome to the city of Jackson, got the nation’s largest average refund of $15,156 out of 15,210 federal returns filed, of which only 51.9 percent received a refund.
Pitkin County, Coloradowhere the city of Aspen is located, received an average refund of $8,756 based on 10,520 returns filed with a refund rate of 52%.
Summit County, Utahwhich includes Park City, got an average refund of $8,481, with 55.8% of the nearly 25,000 returns filed receiving a refund.
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Collier County, Florida, home to the city of Naples, got an average refund of $7,764, with 56.6% of 214,600 filers receiving a refund.