India, March 8 -- Many Americans are receiving larger tax refunds this filing season, primarily due to new deductions introduced under the One Big Beautiful Bill Act (OBBBA), enacted in July 2025. This marks the first tax season where these provisions provide meaningful relief to workers and families.

Early IRSdata shows refunds averaging $3,804 as of mid-February 2026, marking about a 10% increase from the same period last year. This uptick reflects the impact of the OBBBA's changes, which allow eligible taxpayers to reduce their taxable income through fresh deductions unavailable in prior years.

IRS CEO Frank Bisignano emphasized these gains during a recent House Ways and Means Committee hearing. He reported that more than four in ten...