Average Tax Refunds Rise 10.8% Amid Economic Concerns
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 20 2026
0mins
Should l Buy XYZ?
Source: CNBC
- Increase in Refund Amounts: As of March 13, the average tax refund for individual filers reached $3,623, marking a 10.8% increase from last year's $3,271, indicating that many households are benefiting despite economic pressures.
- Filing Season Activity: The IRS has received approximately 69.7 million individual returns so far, with expectations to reach 164 million by the April 15 deadline, reflecting robust filing activity that may influence future fiscal policies.
- Impact of Rising Gas Prices: The national average gasoline price surged to $3.91 per gallon, up from $2.93 a month ago, with economists warning that this could offset some of the economic relief provided by tax refunds, particularly affecting low-income families.
- Policy Context: The Trump administration claims this will be the
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Analyst Views on XYZ
Wall Street analysts forecast XYZ stock price to rise
30 Analyst Rating
25 Buy
3 Hold
2 Sell
Strong Buy
Current: 55.980
Low
55.00
Averages
86.51
High
108.00
Current: 55.980
Low
55.00
Averages
86.51
High
108.00
About XYZ
Block, Inc. builds technology to increase access to the global economy. The Company operates through two segments: Square and Cash App. The Square includes managed payment services, software solutions, hardware, and financial services offered to sellers, excluding those that involve Cash App. The Cash App segment includes the financial tools available to individuals within the mobile Cash App, including peer-to-peer payments, bitcoin and stock investments. The Cash App also includes Cash App Card, which is linked to customer stored balances that customers can use to pay for purchases or withdraw funds from an ATM. Cash App also includes the BNPL platform. Its Afterpay business is transforming the way customers manage their spending over time. Its TIDAL business is a music platform that empowers artists to thrive as entrepreneurs. Its Bitkey business is a simple self-custody wallet built for bitcoin. Proto business is a suite of bitcoin mining products and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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