Thankfully, the IRS has confirmed what millions of taxpayers had hoped for. On average, tax refunds are higher than in 2024 so far. Therefore, the new 2025 tax season is perfect because it is sending more money to eligible recipients.
So far, the average refund amount is 7.5% higher than in 2024. For example, the previous average amount was $3,213. However, this year’s statistics unveiled that tax refunds are $3,453 on average as of February 21, 2025.
IRS average direct deposits
Although most American taxpayers receive direct deposits, many still prefer paper checks. The thing is, direct deposits may arrive within 21 days if you filed electronically and your tax return is accurate and complete.
Therefore, it is more convenient to claim a direct deposit and file electronically since it takes less time to be in your bank account. The average direct deposit is worth $3,505, stated the IRS, as of February 21, 2025.
As a matter of fact, it implies that the IRS is issuing about 7.1% more than in 2024. In total, the Internal Revenue Service has sent about $102.238 billion, which is 10.1% more than in 2024.
What is the total number of tax refunds sent by the IRS so far?
As of February 21, 2025, the Internal Revenue Service has deposited and sent checks to more than 29,615,000 taxpayers in the United States. In fact, that implies an increase of 2.3%.
On the contrary, there is a figure that has dropped drastically. The Agency claims that about 167,087,000 is the total number of web usage. Actually, that is 42.8% lower than in 2024.
Besides, the number of taxpayers who have chosen a tax professional to file their 2024 tax returns has also gone down. It has decreased by about 5% said the Agency.
Another surprising thing is the fact that the total number of tax returns received is also 4.2% lower. In 2025, it is 42,707,000 by February 21, while it was 44,584,000 on February 23, 2024, said the IRS.
