As of March 14, 2025, over 70 million taxpayers have already filed their returns for the United States tax season.
Despite this significant number, the total returns filed are slightly lower than in 2024, showing a 1.7% decrease compared to the same period last year.
In this article, we will explore key details regarding refunds, average payout amounts, and estimated processing times for 2025.
Increased Refunds Provide Relief Amid Inflation
One of the most notable aspects of the 2025 tax season is the increase in tax refunds, offering much-needed relief for taxpayers struggling with inflation.
To date, the IRS has issued refunds totaling over $162.992 billion, reflecting a 6.7% increase compared to 2024.
The majority of these refunds, totaling $160.919 billion, have been distributed via direct deposit, a method that has grown by 6.8% from the previous year.
Average Refund for Taxpayers
The average refund amount, as of March 14, 2025, stands at $3,330, which is 4.8% more than the previous year’s average. However, refund amounts vary from person to person.
Some taxpayers are receiving refunds as low as $2,600, while others may receive larger amounts, depending on their filing status and financial circumstances.
For the 2025 tax season, the overall average refund is $3,271, marking a 5.2% increase from 2024. This increase in refunds has been particularly helpful to many Americans grappling with the rising costs of living and inflation.
Decline in Returns, But No Impact on Refund Amounts
Although the number of filed returns has decreased in 2025, this has not impacted the amount of money being refunded to taxpayers.
Instead, what has seen a decline is the number of people using the IRS website or seeking professional tax preparation services to file their returns. However, this shift has not altered the average refund taxpayers are receiving.
IRS Direct Deposit and Refund Timeline
Refund processing times can vary depending on several factors, including how the return was filed and whether any additional reviews are necessary. Taxpayers who meet the following criteria can expect their refund within 21 days or less:
- Filed their return electronically.
- Requested a direct deposit refund.
- Submitted a complete, error-free return.
For taxpayers whose returns require further review, the process may take longer than the typical 21-day timeframe. To track the status of a refund, individuals can use the IRS’s “Where’s My Refund?” tool available on their website.
Estimated Direct Deposit Schedule
The IRS sets an estimated schedule for direct deposit based on when the return is filed. Below is the estimated deposit schedule for returns filed between March 3 and March 9, 2025:
| Filing Date | Estimated Deposit Date |
|---|---|
| March 3 | March 24 |
| March 4 | March 25 |
| March 5 | March 26 |
| March 6 | March 27 |
| March 7 | March 28 |
| March 8 | March 29 |
| March 9 | March 30 |
If you haven’t filed your return yet, filing electronically and opting for direct deposit remains the fastest way to receive your refund.
Despite a slight decrease in the number of tax returns filed in 2025, the IRS has issued larger refunds compared to last year, offering much-needed financial relief.
With an increase in direct deposit refunds and a fast turnaround for electronically filed returns, taxpayers can expect quicker processing times if they meet all necessary requirements.
It’s important for taxpayers to file their returns accurately and promptly to ensure they receive their refunds on time.
FAQs
How long will it take to get my tax refund?
If you filed electronically and requested direct deposit, your refund could arrive in as little as 21 days. However, if your return needs additional review, it may take longer.
What is the average refund amount for 2025?
The average refund amount for the 2025 tax season is $3,271, reflecting a 5.2% increase compared to the previous year.
Can I track the status of my refund?
Yes, you can track the status of your refund using the “Where’s My Refund?” tool on the IRS website.
Why has the number of returns decreased in 2025?
A4: The decline in returns filed is likely due to fewer people visiting the IRS website or using professional tax services. However, this has not impacted the refunds issued.