The latest figures for the 2025 Tax Season have been unveiled by the IRS. Since the comparison made by the Internal Revenue Service is between February 2, 2024, and January 31, 2025, there could be large percentage changes.
Therefore, this figure is informational but it should be taken with a pinch of salt. No doubt, these IRS figures will even out in the upcoming weeks. Bear in mind that many American taxpayers were not able to file their tax returns early because they still had not received important income documents.
What is the average direct deposit the IRS has unveiled?
Currently, the average direct deposit amount for the 2024 tax refunds is $2,069. So far, there is a considerable difference and it is a staggering 34.1% higher than in the previous year by February 2, 2024.
What is more, the total number of direct deposit refunds is 3,285,000, up from 2,645,000. Thus, it represents a 24.2% higher than in the 2024 tax season in the United States.
On the contrary, the number of web users has decreased. IRS.gov has had a total of 68,287,000 visits, which is 34.8% lower than in 2024. Although there were been fewer days to file by January 31, 2025.
What is the average IRS tax refund in 2025?
The Internal Revenue Service has also made another important announcement. The average refund amount is $1,928, up from $1,395 in the 2024 tax season. A whopping 38.2% higher.
For your information, the number of returns received by the IRS was lower on Jan. 31, 2025 than on Feb. 2, 2024. The current number is 13,177,000. Besides, the number of e-filing returns received is also lower.
When it comes to e-filing returns received from tax professionals, they have also gone down. It is about 11.5% lower than in 2024. For your information, the first tax refunds to be paid will be around February 17, 2025.
That will be 21 days within the 1st day the IRS allowed taxpayers to file their 2024 tax returns. Those who claimed tax credits like EITC or the ACTX may get their deposit by March 3, 2025.
