Tax Refunds Are Up, But Many Americans Aren’t Feeling It

Americans rushing to meet Wednesday’s tax filing deadline are getting bigger refunds on average thanks to President Donald Trump’s tax law, though the savings are falling short of his promises and many say they haven’t noticed a difference.

Trump’s centerpiece legislative achievement so far has helped drive the average refund up by nearly $350, though that’s far less than the president’s promised $1,000 boost. Almost 70% of taxpayers received a refund through the start of this month, compared to 67% at the same time last year, according to IRS data.

Yet the savings aren’t registering with large numbers of ...