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IRS Filing Season Statistics Update: Check How Much Taxpayers Received on Average

Many taxpayers have already received their IRS tax refund, but are average direct deposits and refunds higher or lower than in 2024?

by Francisco Candelera
15/05/2025 11:00
in Finance
IRS direct deposits and average refunds in May

IRS direct deposits and average refunds in May

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The IRS keeps updating the 2025 filing season Statistics. As a matter of fact, there has been a 1.4% change in the number of tax returns received in 2025. Therefore, more American taxpayers have filed so far. What is more, the Agency has been more efficient, and a higher number of tax returns have been processed as well.

In fact, a total of 142,188,000 returns were processed, up from 139,946,000. What is more, more citizens have decided to file using electronic methods. Actually, a staggering 138,923,000 Americans have decided to file electronically. It is about 1.7% higher than in 2024. The number of tax returns received from tax professionals has also increased. This figure is approximately 2.1% higher than in 2024.

IRS average refund amount

As of May 2, 2025, the average refund amount is $2,947, up from $2,864 in 2024. Hence, taxpayers are receiving about 2.9% more during the 2025 tax season. This is great because it is more than the amount the Cost-of-Living Adjustment for Social Security has increased.

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The 2025 COLA increase was just 2.5. So, it is excellent to collect a higher percentage on average. For your information, the number of direct deposits keeps increasing.

Fewer people have chosen paper checks. Currently, 86,096,000 taxpayers have requested a direct deposit. This is just 0.3% higher than last year, but that is about 252,000 more.

Updated IRS direct deposit refunds

The average direct deposit tax refund amount is $3,029 as of May 2, 2025. This new figure is also higher than the one in 2024. It has increased about 2.5% said the IRS, (up from $2,956).

Bear in mind that the IRS has issued 91,959,000, which is down from 92,878,000. Thus, fewer Americans have collected a tax refund so far. The Agency has had to refund a total of $271.012 billion.

It is about 1.9% more than during the 2024 tax season. Most of this money was to pay direct deposits, $260.813 billion. If you have not filed yet, and you were required to do so, pay your taxes and file so as to avoid taxes and penalties.

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