A chief global strategist at J.P. Morgan Asset Management predicts that tax refunds in 2026 will act like COVID stimulus checks due to retroactive tax breaks. More stimulus checks could be on the way. These refunds could have a significant impact on consumer demand and inflation. Taxpayers may see an average refund of $3,278. Lawmakers might offer additional stimulus payments to prevent an economic slowdown. While receiving a large tax refund may seem appealing, it could worsen inflation and have long-term economic consequences. Consider maximizing Social Security benefits for a more secure retirement income.

Read more at Nasdaq: JPMorgan Strategist Says Huge 2026 Tax Refunds Will Be Like Stimulus Checks