Overpaying taxes through the year can bring an unwanted refund, but underpaying them could bring penalties.

Some taxpayers who are still waiting for their federal tax refunds could finally receive their money this month, even though the 2025 tax filing season ended weeks ago. The Internal Revenue Service ...

The 2026 tax season ended nearly a month ago on April 15 — the IRS processed over 140 million federal income tax returns as of April 24, according to the IRS' latest available tax-fling statistics — ...

Changes in federal laws led to higher income tax refunds this year, according to tax data from the Internal Revenue Service. The IRS processed 143.9 million tax returns in 2026, an increase of 0.3%.

Terry Lane is a writer for Investopedia with 25 years of experience in journalism and communications. He covers personal finance, Congress, government regulations, and economics. Annabelle Gordon for ...

While last year’s tax law has raised the average I.R.S. refund, the boost is less than the White House expected — and may not have much impact on voters. The average tax refund is larger than in ...