Tax Refunds
Coverage of Tax Refunds in the Nexus archive.
- South Africa: SARS Says R40 Billion Went Back to South Africans Last Year
SARS paid R40 billion in tax refunds last filing season, exceeding the amount collected from taxpayers during the same period. The refunds are described as driving the economy, with SARS emphasizing the importance of processing them quickly.
- Michigan treasury officials grilled over state tax refund delay
Michigan state treasury officials faced scrutiny over delayed tax refunds, with thousands of taxpayers like Michael Drace and Diane Materna awaiting payments for months. The backlog stems from transitioning away from a 40-year-old computer system, though 95% of returns have been processed. Treasury leaders acknowledged communication gaps and promised a new phone system next month.
- Retail had a 'surprisingly robust' first quarter, but the real test is ahead as tax refunds dry up
The retail industry reported strong first-quarter sales and profits, but high tax refunds and 'buy now, pay later' options are obscuring weaker consumer demand. The sector faces uncertainty as tax refunds diminish.
- Why Democrats are feeling optimistic in the US Senate race in Texas
Democrats are showing optimism in the upcoming US Senate race in Texas. Meanwhile, historically low tax refund numbers are increasing financial strain on US consumers.
- How are Americans spending their tax refunds this year?
Americans received an average tax refund of over $3,400 this year, a 11% increase from last year, according to the Treasury Department's release on Tax Day. The data highlights a significant rise in refund amounts as of April 14.
- Retail sales up 1.7% in March from February driven by a spike in gas prices due to the Iran war
Retail sales rose 1.7% in March 2026, driven by a 15.5% spike in gas prices due to the Iran war, which disrupted oil supply. Excluding gas, sales grew 0.6%, supported by tax refunds and warm weather, though consumer sentiment hit a record low amid war-related concerns.
- Average 2026 tax refunds up, but well below Trump’s expectations
Average 2026 tax refunds increased by 11% to $3,462, but remain below President Trump’s expectations following the implementation of his 'One Big Beautiful Bill', which introduced new tax breaks for Americans.
- Tax Day is here, and the IRS is issuing bigger refunds to more people
Taxpayers have until midnight to file or request an extension. The IRS is processing larger refunds for more individuals this tax season.
- It's Tax Day. Here's how big the average tax refund is in 2026.
Americans are receiving larger tax refunds in 2026 due to the 2025 'big, beautiful bill' introducing new tax deductions. The article highlights the impact of this legislation on average tax refunds during Tax Day.
- The simple tax habit that could save you thousands over your lifetime
Filing taxes early can save money by allowing better financial planning, reducing errors, and protecting against fraud. Experts emphasize that timely tax returns maximize refund usage and prevent financial stress over time.