• Social Security
  • SNAP
  • Retirement
  • SSI
  • IRS
  • SSDI
Futbolete
  • Finance
  • Social Security
  • Futbolete
  • Finance
  • Social Security
  • Futbolete
No Result
View All Result
Futbolete

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

The my Social Security Account: The Free Check That Catches a Missing Year of Earnings Before It Shrinks Your Pension

Florida Has 5.29 Million Social Security Beneficiaries and No State Income Tax: What Retirees There Keep in 2026

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.

ADVERTISEMENT

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.

Últimas noticias

The my Social Security Account: The Free Check That Catches a Missing Year of Earnings Before It Shrinks Your Pension
Finance

The my Social Security Account: The Free Check That Catches a Missing Year of Earnings Before It Shrinks Your Pension

August 19, 2026 22:00
Florida Has 5.29 Million Social Security Beneficiaries and No State Income Tax: What Retirees There Keep in 2026
Finance

Florida Has 5.29 Million Social Security Beneficiaries and No State Income Tax: What Retirees There Keep in 2026

August 19, 2026 19:00
SSI for Children Pays Up to $994 a Month in 2026, and the Deeming Rule Decides How Much of It Survives
Finance

SSI for Children Pays Up to $994 a Month in 2026, and the Deeming Rule Decides How Much of It Survives

August 19, 2026 16:00
The Social Security Overpayment Waiver: The Form That Can Cancel the Debt Before 50% of Your Check Disappears
Finance

The Social Security Overpayment Waiver: The Form That Can Cancel the Debt Before 50% of Your Check Disappears

August 19, 2026 13:00

Recent Posts

  • The my Social Security Account: The Free Check That Catches a Missing Year of Earnings Before It Shrinks Your Pension
  • Florida Has 5.29 Million Social Security Beneficiaries and No State Income Tax: What Retirees There Keep in 2026
  • SSI for Children Pays Up to $994 a Month in 2026, and the Deeming Rule Decides How Much of It Survives
  • The Social Security Overpayment Waiver: The Form That Can Cancel the Debt Before 50% of Your Check Disappears
  • The Continuing Disability Review: What the SSA Checks Every Three Years and the 10 Days That Keep Your Check Alive
  • Privacy and Cookies Policy
  • Legal Advise
  • Contact
  • Sitemap

© 2024 FUTBOLETE NEWS

  • Finance
  • Social Security
  • Futbolete

© 2024 FUTBOLETE NEWS