Why is Where’s My Refund trending now?

Early data shows the average refund is running higher than last year, which drives people to check status more often. At the same time, some returns need manual review, so updates can differ by filer. That mix lifts interest in where’s my refund across February and into March.

How long do most e-filed refunds take?

Most clean e-filed returns with direct deposit arrive within about 21 days in normal conditions. Where’s My Refund typically updates once a day. If the tool shows processing without issues, waiting is normal. Paper returns and reviews take longer, so plan cash needs with extra time.

What causes tax refund delays?

Common drivers include errors in personal details, wrong bank numbers, mismatched income forms, refundable credit checks, and identity verification. If Where’s My Refund asks for more information, respond quickly and keep documents ready. E-file plus direct deposit and accurate entries reduce the chance of a delay.

Could bigger refunds boost the S&P 500?

Yes, timing matters. Faster refunds often front-load sales at retailers and select services, which can help near-term results. If delays widen, sales may shift later in Q1. Investors should watch Where’s My Refund trends, card-spend data, and management commentary for signals on weekly demand.

Global Market Insights

^GSPC Today, February 18: Bigger Tax Refunds vs Processing Delays

ByDanny Kontos February 18, 2026February 18, 2026

Search interest in where’s my refund is spiking as early IRS data show bigger checks and talk of even larger payouts. Average refunds are running nearly 11% higher so far, which could lift Q1 spending if money lands fast. The IRS says most clean e-filed returns stay on schedule, but manual reviews slow things down. That timing gap matters for retailers in the S&P 500 ^GSPC, where sales can pop when refunds hit bank accounts.