Most Iowans likely have not started filling out their tax forms yet, but they may be more eager to do so this year.
Stacy Engle, a spokeswoman for the Internal Revenue Service, says projections point to higher refunds, largely due to increased standard deductions under the so-called Big Beautiful Bill that passed Congress last July.
Engle says most taxpayers did not change their withholding after the law took effect, and many employers did not adjust withholding either. As a result, more income taxes were withheld than necessary.
Treasury Secretary Scott Bessent predicts it could be the largest tax refund season in U.S. history, with average refunds projected to range from $1,000 to $2,000.
