Economics ❯ Macroeconomics ❯ Fiscal Policy

Tax Policy

Public Spending Business Taxation Tax Cuts Tax Collection Targets Individual Taxes Corporate Tax Rates Business Confidence Income Redistribution Export Regulations Income Taxation Corporate Taxation Tax Hikes Tax Refunds

Gas Price Spike Threatens This Filing Season’s Bigger Tax Refunds

Economists say the oil shock tied to the Iran war is muting the expected spending lift from new tax-law refunds.

Treasury Projects $100–$150 Billion in Q1 2026 Tax Refunds, Averaging $1,000–$2,000 per Household