The 2025 tax season officially kicked off on January 27, 2025, giving taxpayers the opportunity to file their 2024 tax returns. While many Americans are still gathering their documents and preparing their filings, millions have already submitted their returns and are eagerly awaiting their refunds. The tax season deadline remains set for April 15, 2025, so there’s still time to file.
How Much Are Tax Refunds Worth in 2025?
So far, the IRS reports that the average tax refund as of February 7, 2025, is $2,165. Those who opted for direct deposit are seeing slightly higher refunds, averaging $2,265. Interestingly, these figures represent an 18% increase from the average refund amounts in 2024. However, refund statistics tend to fluctuate as more returns are processed, meaning these numbers may still change.
Who is Receiving an IRS Direct Deposit This Week?
If you’re expecting a tax refund this week, you must meet several requirements:
- You filed an accurate and complete tax return.
- You submitted your return electronically instead of by mail.
- You selected direct deposit rather than a paper check.
For those who qualify, refunds are typically processed within 21 days. Based on IRS processing schedules, here are the estimated refund dates:
| Filing Date | Estimated Direct Deposit Date |
|---|---|
| February 3, 2025 | February 24, 2025 |
| February 4, 2025 | February 25, 2025 |
| February 5, 2025 | February 26, 2025 |
| February 6, 2025 | February 27, 2025 |
| February 7, 2025 | February 28, 2025 |
| February 8, 2025 | March 1, 2025 |
How to Track Your Tax Refund Status
The IRS provides a simple tool to track your refund status: “Where’s My Refund?” This tool allows taxpayers to check when their refund is expected to arrive and whether it has been delayed.
Important Notes:
- It takes at least 24 hours after e-filing before refund information appears in the system.
- If you filed a paper return, expect longer processing times before the tool updates.
- The IRS updates refund statuses once per day, so checking multiple times a day won’t provide new information.
Additional Tips for Faster Refund Processing
- Double-check your return for errors before submitting it to avoid processing delays.
- Use direct deposit to receive your refund faster instead of waiting for a mailed check.
- File early to avoid last-minute stress and potential IRS backlog delays.
FAQs About 2025 IRS Tax Refunds
1. When will I receive my tax refund if I filed early?
- If you filed electronically and opted for direct deposit, you could receive your refund within 21 days. However, paper filers may wait 6-8 weeks.
2. Why is my refund lower than expected?
- Several factors could impact your refund, including owed taxes, offsets for unpaid debts (e.g., student loans, child support), or adjustments made by the IRS.
3. Can I check my refund status by calling the IRS?
- The IRS recommends using the “Where’s My Refund?” tool or the IRS2Go app before calling. Phone wait times can be long, especially during peak tax season.
4. What if my refund is delayed?
- If 21 days have passed since filing electronically, check the IRS tool for updates. Common delays include errors, identity verification issues, or additional reviews.
5. Will my refund be smaller if I owe money to the government?
- Yes. If you have outstanding federal debts, such as unpaid taxes or child support, the IRS can offset (deduct) the amount owed from your refund.
With tax season in full swing, staying informed about refund schedules and processing tips can help ensure you receive your money as soon as possible. If you haven’t filed yet, there’s still plenty of time before the April 15 deadline!
