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Florida leads US states with $4,433 average tax refund, report finds

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Florida leads US states with $4,433 average tax refund, report finds

Americans are facing a midnight deadline to file their 2025 tax return, but the refunds that await the majority of taxpayers are larger on average than a year ago – with taxpayers in certain states receiving higher refunds, according to a new report.

An analysis by Upgraded Points of how refund amounts have changed across geographic areas and income levels finds that the estimated average refund for 2026 is $3,571, with 72.9% of taxpayers receiving refunds. That’s above the record set in 2022 of $3,252, though the share of refund recipients is down from 77.1% in 2021.

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The larger refunds across the nation come following the enactment of the One Big Beautiful Bill Act, which extended a host of tax policies that were set to expire and included new policies aimed at providing tax relief for income from tips and overtime, Social Security, and other provisions like the auto loan interest deduction for new, U.S.-made cars.

While those policy changes occurred for all U.S. taxpayers, residents of some states are seeing larger refunds than their peers in other parts of the country based on the IRS data used to compile the report.

TAX DAY IS HERE: ADVICE FOR LAST-MINUTE FILERS RACING AGAINST THE CLOCK

Florida, Cape Coral, South Spreader Waterway Canal, aquatic nature preserve and surrounding homes. (Photo by: Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images)

Florida taxpayers are receiving the largest average tax refunds this year, according to the report. ( Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images)

The Upgraded Points analysis found that the state with the highest average refund was Florida with $4,433 after adjusting for inflation. That’s out of more than 11.1 million federal tax returns filed, of which 67.1% yielded a refund for the taxpayer.

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“While Tax Day isn’t usually a day for celebration, Americans can rejoice knowing they will likely receive a larger tax return or owe less than in years past. I am proud to have supported the Working Families Tax Cut Package – the largest tax cut in history for working Americans,” Sen. Ashley Moody, R-Fla., told FOX Business.

“On average, Floridians will receive the largest average federal tax refunds in the country, keeping hard earned dollars in the pockets of workers, families, and businesses,” Moody added.

IRS REFUND TRACKER EXPLAINED: WHAT YOU NEED TO KNOW BEFORE THIS YEAR’S TAX FILING DEADLINE

Naples, Florida

Florida’s Collier County, home of the city of Naples, ranked in the top five largest average tax refunds. (iStock)

Texas ranked second with an average refund of $4,344 out of 13.6 million returns filed by Lone Star State taxpayers, with 71.3% receiving a refund.

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A pair of states in the Mountain West ranked third and fourth, with Wyoming taxpayers getting an average refund of $4,282 with 68.8% of the 280,750 returns filed receiving a refund, followed by Nevada’s average refund of $4,193 with 69.6% of the Silver State’s 1.6 million returns receiving a refund.

Louisiana rounded out the top five with an average refund of $4,117 across nearly 2 million returns filed with a 73% refund rate, which Upgraded Points noted ranked as the third-highest refund rate among states.

The county level data in the report showed even higher refunds in wealthy enclaves around the country. 

HOW TO FILE A TAX EXTENSION BEFORE THE APRIL 15 DEADLINE

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Private jets sit parked at the Jackson Hole airport in Jackson, Wyoming

Wyoming’s Teton County, home of Jackson, had the largest average tax refunds among U.S. counties. (Daniel Acker/Bloomberg via Getty Images)

Wyoming’s Teton County, which is home to the town of Jackson, had the largest average refund in the country of $15,156, out of the 15,210 federal returns filed with only 51.9% receiving a refund.

Pitkin County, Colorado, which is where the town of Aspen is located, had an average refund of $8,756 based on 10,520 returns filed with a 52% refund rate. 

Utah’s Summit County, which includes Park City, had an average refund of $8,481 with 55.8% of the nearly 25,000 returns filed receiving a refund.

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Collier County, Florida, home to the city of Naples, had an average refund of $7,764 with 56.6% of the 214,600 filers receiving a refund.

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MetroCity Bankshares declares $0.29 quarterly dividend

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Back to books – Sweden’s schools give up digital learning

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Back to books - Sweden's schools give up digital learning

Without such measures, younger children from richer families, whose parents are more likely to be able to help them understand how to use AI tools, will gain an advantage creating a “digital divide”, warns Prof Linnéa Stenliden, at Linköping University’s Department of Behavioral Sciences.

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Wave Life Sciences plans redomicile from Singapore to U.S.

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University of Gloucestershire workers to strike over pay offer

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Members of Unison are set to walk out on Thursday

University of Gloucestershire, Oxstalls Campus

University of Gloucestershire, Oxstalls Campus(Image: Clint Randall – pixel pr photography)

A group of workers at the University of Gloucestershire are going on strike in a dispute over pay. Library assistants, administrators, IT workers and other support staff who are part of trade union Unison will walk out on Thursday (April 16).

The industrial action comes after employees rejected a pay offer from the university of 1.4 per cent, according to Unison, who said more than nine in ten (92 per cent) of staff voted in favour of the strikes.

Unison South West regional secretary Tim Roberts said: “Staff at the University of Gloucestershire don’t want to be on strike, but they feel they’ve been left with no choice.

“This offer is far below what workers need to keep up with the cost of living. It’s even harder to accept when significant sums are being invested elsewhere, while the workforce is expected to take another real-terms pay cut.

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“Universities can’t hide behind national bargaining when staff are struggling. They should be using their voice to push for a fair deal.”

Unison said the proposed increase “fails to reflect” the rising cost of living and “follows years of pay deals that have lagged behind inflation”.

“The offer is the lowest pay uplift for university staff in several years and comes after sustained pressure on household budgets due to rising prices for essentials such as food, housing and energy,” the union added.

Further strike action is planned for Tuesday (April 21) and Wednesday (April 22).

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It is understood that the national university employers’ body UCEA made the 1.4 per cent offer in May to cover the 2025-26 academic year. According to Unison, it is the lowest pay offer from UCEA since 2020.

A University of Gloucestershire spokesperson said: “The higher education sector is going through a period of unprecedented financial pressure, and this is reflected in the nationally negotiated pay award offered via the Universities and Colleges Employers Association.

“While we do not yet know how many staff will take part in the strike action because staff are not required to advise us in advance, we believe that most of our staff understand the need to balance pay increases with ensuring the continued financial sustainability of the institution. As such, we expect any disruption to students will be minimal. However, we will keep students informed if anything changes.”

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Chili’s rolls out chicken sandwich lineup, touts bigger fillets than McDonald’s

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Chili’s rolls out chicken sandwich lineup, touts bigger fillets than McDonald’s

Chili’s is escalating its fight for value-focused diners, taking direct aim at McDonald’s with a new lineup of chicken sandwiches.

The restaurant chain announced Tuesday it is expanding its lineup of Big Crispy chicken sandwiches, which are now included in its $10.99 “3 For Me” bundle — a combo that features an entrée, fries, bottomless chips and salsa, and an unlimited fountain drink.

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“With an expanded, full lineup of six Big Crispy chicken sandwiches – all hand-battered and WAY bigger than McDonald’s McCrispy – Chili’s is giving guests the abundance and quality they actually deserve,” the company said in a statement.

CHILI’S SLIMMED-DOWN MENU IS WINNING, CEO SAYS

chilis-big-crispy-sandwich

The restaurant chain announced Tuesday that its Big Crispy chicken sandwich is now included in its $10.99 “3 For Me” bundle. (Chili’s Grill & Bar)

Chili’s is leaning heavily into size and value comparisons as part of its marketing push. 

The company says internal research found its chicken filet is, on average, more than 80% larger than McDonald’s McCrispy filet — underscoring its critique of what it calls “shrinkflation” across the fast-food industry.

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CHILI’S THROWS SERIOUS SHADE AT TGI FRIDAY’S OVER MOZZARELLA STICK DIG

chilis-big-crispy-vs-mcchicken

The company says internal research found its chicken filet is, on average, more than 80% larger than McDonald’s McCrispy. (Chili’s Grill & Bar)

“Over the past few years, we’ve exposed the fast food shrinkflation by serving our massive burgers in the industry-leading $10.99 ‘3 For Me’ meal for a value that can’t be found in the drive-thru,” Chili’s Chief Marketing Officer George Felix said in a statement. “… This is a shakeup to the chicken sandwich category that is long overdue, and one that our guests are going to love.”

The new lineup features six variations, including classic and spicy options, as well as flavors like honey chipotle, Nashville hot, buffalo, and a deluxe version topped with bacon and Swiss cheese.

MCDONALD’S EXPANDS INTO SPECIALTY DRINKS WITH ‘DIRTY SODAS,’ REFRESHERS PUSH

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The new lineup features six variations, including classic and spicy options, as well as flavors like honey-chipotle, Nashville hot, buffalo, and a deluxe version topped with bacon and Swiss cheese. (Chili’s Grill & Bar)

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Meanwhile, McDonald’s is making its own push to win back budget-conscious customers.

The company recently unveiled a revamped McValue menu, set to launch April 21, featuring 10 items priced under $3 and a new $4 breakfast bundle.

Chili’s and McDonald’s did not immediately respond to FOX Business’ request for comment.

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HubSpot, Inc. (HUBS) Discusses 2026 Strategy and AI-Driven Innovations for Growth Companies – Slideshow

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

HubSpot, Inc. (HUBS) Discusses 2026 Strategy and AI-Driven Innovations for Growth Companies – Slideshow

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Helios Technologies: The Fundamentals Are Starting To Heat Up (Upgrade)

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Helios Technologies: The Fundamentals Are Starting To Heat Up (Upgrade)

Helios Technologies: The Fundamentals Are Starting To Heat Up (Upgrade)

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Spirit Airlines could liquidate as early as this week, sources say

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Spirit Airlines could liquidate as early as this week, sources say

Spirit Airlines airplanes taxi on the tarmac at New York’s Laguardia Airport in the Queens borough of New York City, U.S., Nov. 7, 2025.

Ryan Murphy | Reuters

Spirit Airlines could liquidate as early as this week, according to people familiar with the matter.

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They spoke on the condition of anonymity to discuss matters that had not yet been made public.

The budget carrier has been struggling to regain its footing from its second bankruptcy in less than a year, but it now faces the added challenge of a spike in the price of fuel. Fuel is airlines’ biggest expense after labor.

“We don’t comment on market rumors and speculation,” Spirit said in a statement.

The exact day the carrier could begin liquidation wasn’t immediately clear. Bloomberg earlier reported on the potential liquidation.

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The news comes just as the U.S. airline industry, including Florida-based Spirit, is wrapping up its busy spring break season.

Pilot and flight attendant unions had made concessions in recent months in a bid to help Spirit survive. The airline had planned to shrink and focus on high-demand travel periods and routes in a bid to exit bankruptcy as early as this spring.

Spirit enjoyed largely steady profitability for years and enviable margins in the industry. But things took a turn after the pandemic, when wages and other costs soared, customer preferences changed, and an oversupply of domestic flights drove down airfare, which was especially punishing for U.S.-focused carriers that don’t enjoy a buffer from plush first-class cabins and large credit card and loyalty program deals.

Its problems snowballed after a Pratt & Whitney engine recall grounded dozens of its Airbus aircraft starting in 2023 and its planned acquisition by JetBlue Airways was blocked two years ago by a federal judge who ruled it was anticompetitive, leaving both carriers to fend for themselves against a backdrop where larger carriers dominate.

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Spirit forecast it would generate a net profit of $252 million last year, according to a court filing in December 2024, but it said in an August report that it lost nearly $257 million in a matter of months stretching from March 13, after it exited its first Chapter 11 bankruptcy, through the end of June. It filed for Chapter 11 bankruptcy protection again less than a month later.

The airline had tried in recent years to win over higher-spending customers by offering roomier seats or bundled fares that include seat assignments and baggage to better compete with larger rivals whose profits have been buoyed big-spending customers post-pandemic.

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Nkarta receives FDA agreement for outpatient NKX019 dosing

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Scheme to support energy-intensive firms to be expanded

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Scheme to support energy-intensive firms to be expanded

The scheme is designed to support firms that are high energy users in sectors such as automotive and aerospace, steel producers, metal fabricators, pharmaceutical and medical supplies companies, recycling businesses, plastic producers, nuclear fuel processors, and cooling and ventilation equipment manufacturers, the government said.

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