Tax Refund Season Got a Bit Less Beautiful

​📈 Follow our live markets data and coverage. About $335 billion in refunds will be paid out in the first half of this year, up by about 11.2% compared with 2025, according to S&P Global. People with investment income are no doubt also pleased to be writing smaller checks to Uncle Sam as a result of tax cuts, but that benefit comes later in the spring and they tend to save the difference.