The Internal Revenue Service (IRS) has recently unveiled the filing season statistics for the week ending on February 7, 2025. In this case, the Agency has compared the figures from February 9, 2024, and February 7, 2025.
It is true that these figures are not so accurate because there are many people who have not received their Earned Income Tax Credit or the Additional Child Tax Credit. However, they will level out in the coming weeks said the IRS in the United States.
IRS claims tax refunds are 18.6% higher
So far, as of February 7, 2025, the average tax refund is worth $2,065, up from $1,741 on the same date. Even if the statistics have not leveled out, it is great news that refunds are 18.6% higher on average.
When it comes to the total number of direct deposit refunds, they are also 8.6% higher than in 2024. Therefore, this could be one of the reasons why refunds are higher so far.
In total, there has been 8,054,000 refunds processed. That is approximately 7.6% more than in 2024. On the contrary, web usage of the IRS.gov site has gone down by 40.9%. Perhaps, the use of IRS Direct File may have to do with it.
What is the average direct deposit sent by the IRS?
For your information, the IRS claims that the average direct deposit refund amount is $2,165. In fact, it is 18.2% higher than in the 2024 Tax Season. In 2024, it was $1,931 by February 9.
Keep in mind that some people do not request direct deposit yet. Even if they file electronically, they request a paper check instead of a direct deposit. Do not forget that the only way to get your tax refund within 21 days is to:
- file electronically
- request direct deposit
- send a complete tax return
- give accurate information
If you have not filed your 2024 tax return yet, remember that the deadline to file is April 15, 2025. Pay your taxes before the deadline comes to and end and file your 2024 tax return.
