The 2025 tax season is turning out to be a great one for US taxpayers. The IRS has confirmed that the average amount of tax refunds this year is higher than in 2024. This means that eligible taxpayers are getting more money, which can provide them financial relief.
The average amount of tax refund increased in 2025
According to data released by the IRS, the average tax refund in 2025 has seen a 7.5% increase. The average refund in 2024 was $3,213, while in 2025 it has increased to $3,453 (as per data as of February 21, 2025). This increase is a relief news for taxpayers, especially those who depend on tax refunds.
Average amount of refund received through direct deposit
According to the IRS, most US taxpayers prefer to receive their tax refund directly into their bank account. However, some taxpayers still prefer paper checks.
If you filed your tax return electronically and there are no errors, your refund via direct deposit can reach your bank account within 21 days. According to IRS data, the average refund issued via direct deposit as of February 21, 2025, has been $3,505.
This means that the IRS has issued 7.1% more money via direct deposit than in 2024. A total of $102.238 billion in tax refunds have been issued so far, which is 10.1% more than last year.
How many tax refunds has the IRS issued so far?
According to IRS data, tax refunds have been issued to 29,615,000 taxpayers as of February 21, 2025. This number is 2.3% higher than in 2024.
However, some statistics also show that the tax filing behavior of taxpayers has changed. For example:
- The number of users visiting the IRS website has decreased by 42.8%.
- The number of people filing taxes through professional tax advisors (tax professionals) has decreased by 5%.
- The total number of tax returns received by the IRS has seen a 4.2% decrease. This number was 44,584,000 in 2024, while it has come down to 42,707,000 in 2025.
Tips to get a tax refund quickly
If you want your tax refund to come to your bank account quickly, keep the following things in mind:
- File taxes electronically: E-filing is faster and more secure than paper filing.
- Opt for direct deposit: Getting a refund directly into the bank account is the fastest and most convenient method.
- Give correct and complete information: Any kind of mistake can delay your refund.
- Check the status on the IRS website: You can check the status of your refund using the “Where’s My Refund?” tool.
Conclusion
Taxpayers are feeling a great relief in 2025 as the IRS has confirmed a 7.5% increase in the average tax refund amount. If you have not filed your tax return yet, do it as soon as possible and opt for direct deposit to get your refund quickly.
The data released by the IRS clearly shows that the 2025 tax season is proving to be beneficial for taxpayers. If you have any questions related to tax refunds, visit the official website of the IRS or consult a tax expert.
FAQs
Q. When will I receive my 2025 tax refund?
A. Most refunds are issued within 21 days if you file electronically and choose direct deposit. Paper returns may take longer.
Q. Why is my tax refund higher in 2025?
A. The IRS has confirmed a 7.5% increase in average refunds due to various factors like adjustments in tax credits and deductions.
Q. How can I check the status of my tax refund?
A. Use the IRS “Where’s My Refund?” tool on their official website to track your refund status.
Q. Can I get my tax refund faster?
A. Yes! E-filing and selecting direct deposit can speed up the refund process compared to paper filing and mailed checks.
Q. What if my tax refund is delayed?
A. Delays can happen due to errors, missing information, or IRS reviews. Check your status online or contact the IRS if needed.