The Internal Revenue Service (IRS) has sent more than $124.130 billion during the 2025 Tax Season. As a matter of fact, that is about 8.2% more than in 2024. Therefore, it implies millions of American taxpayers are receiving more money from the Agency.
The total number of direct deposit refunds is also higher than in the previous year. Actually, the average direct deposit refund amount is almost 6% higher than during the 2024 Tax Season. So, more refunds and higher refunds have been delivered so far as of February 28, 2025.
IRS unveils average direct deposit refunds
Getting a higher refund is what millions of taxpayers long for in the United States. Currently, the average direct deposit refund amount is $3,436. As of February 28, 2025, it is 5.9 percent higher than on March 1, 2024.
What is more, the amount of money the IRS has refunded through direct deposits is also 8.2% higher than last year. As of February 28, 2025, the Agency received 52,402,000.
That is approximately 3% less than in 2024. Another interesting figure is the fact that fewer tax refunds have been filed through tax professionals in the 2025 Tax Season.
IRS average refund amounts
Good news for those who received a tax refund. In this case, the average refund amount is 6.3% higher than in 2024. The current amount is $3,382, up from $3,182.
If the average refund amount is compared to the average direct deposit amount, direct deposits are slightly higher. As a matter of fact, direct deposits are $54 higher so far.
For your information, many taxpayers have not filed yet. Therefore, the average amounts may change in the upcoming weeks. It is always best to see later average amounts so figures can level out.
The IRS will allow taxpayers to file by April 15, 2025. This will be the deadline for filing and paying the taxes you owe the Internal Revenue Service. Do you need extra time to file? Pay the taxes and request an extension to file your 2024 tax return before it is too late.
