Americans may see an average tax refund increase of approximately $1,000 in 2026, according to Piper Sandler analysts. This boost is largely attributed to the "One Big Beautiful Bill" Act, which reportedly raises the State and Local Tax (SALT) deduction cap from $10,000 to $40,000. Additional factors contributing to potentially larger refunds include new provisions like the "Senior Bonus" deduction and expanded Child Tax Credits. The article also mentions potential exemptions for overtime pay and tips for those earning under $150,000 annually.