As another Tax Day arrives, the average refund this year is $3,462, up 11%, or around $350, from 2025, according to IRS data .  "Aggregate refunds are up, average refunds are up, and clearly millions, if not tens of millions, of taxpayers are claiming one of the new deductions" under the "One Big Beautiful Bill Act" enacted last year, Andrew Lautz, director of tax policy for the Bipartisan Policy Center, a nonpartisan think tank, told CBS News.  Deductions reduce a person's taxable income,