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Event Brief

Tax Refunds Lower Than Expected This Season

Average tax refunds are $350 more than last year, but fall short of $1,000 projections due to tax changes.
WHO: Republican-led tax policy makers
WHAT: Tax refunds are lower than expected
WHEN: Apr 15, 2026 at 6:00 AM ET
WHERE: USA
WHY: Projected refunds were expected to be closer to $1,000 due to tax changes.
Sources (2): NPR, New York Times

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