Average tax refunds projected to be roughly $1,000 higher this year

The White House says the Working Families Tax Cuts Act will produce the largest U.S. tax-refund season on record, with average refunds projected to rise by roughly $1,000 or more for many filers. Multiple news outlets and analysts cited in the statement (including CBS, USA Today, The Wall Street Journal, Business Insider and CNBC) estimate increases ranging from roughly 15–30% and note some provisions are retroactive to the start of the year. The administration highlights provisions such as "No Tax on Tips," "No Tax on Overtime," and elimination of tax on Social Security benefits, and points taxpayers to IRS resources for filing guidance.