How big is the average tax refund so far in 2026?

Early IRS data through Feb 13 show the average tax refund around $2,476, roughly 14% higher than the same time last year. Totals should rise as EITC and ACTC refunds move after statutory holds. These are early-season figures, so trends can change as more returns process.

Why is my EITC or ACTC refund delayed?

By law, the IRS holds EITC and ACTC refunds until mid-February to verify wage and identity data and reduce fraud. After the hold, processing resumes, and banks may add a few days. Errors or mismatches on your return can also extend the review timeline for an irs refund.

When will Where's My Refund show my deposit date?

The tool updates once daily, usually overnight. It will show a date when your status moves from Received to Approved, then to Sent. For many early EITC or ACTC filers, Where's My Refund will display an irs refund date only after the legal hold lifts.

Could larger refunds lift the stock market?

Bigger refunds can boost near-term spending at retailers and improve payment metrics, which may help sentiment. The effect is usually modest and brief. Broader drivers like jobs, inflation, and Federal Reserve policy matter more for indexes such as the S&P 500, even if irs refund checks are larger.

Global Market Insights

IRS Refunds Today, February 21: Double-Digit Gains, EITC/ACTC Delays

ByHuzaifa Zahoor February 21, 2026February 21, 2026

The irs refund season is off to a strong start. Early IRS data through Feb 13 show the average tax refund near $2,476, up about 14% year over year. Many EITC and ACTC filers are still waiting due to mid-February holds, so totals should climb in coming weeks. Bigger refunds can lift near-term spending and help pay down debt. We outline expected timelines, why some payments are delayed, how to use Where’s My Refund, and what this could mean for consumers and markets.