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Event Brief

Tax Refunds Are Up But Falling Short of Trump’s Promise

Americans’ tax refunds are averaging $350 higher than last year but still below Trump's promised $1,000 boost.
WHO: Americans
WHAT: Tax refunds are higher than last year but below expectations.
WHEN: Mar 20, 2026 at 4:43 PM ET
WHERE: USA
WHY: The increase in tax refunds is compared to the promise made by President Trump.
Sources (1): Bloomberg

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