The Agency has set the deadline to pay your tax liability to the IRS and to file your 2024 tax return on April 15, 2025. Therefore, there is not much time to do your duty. Bear in mind that not paying what you owe the Internal Revenue Service can have negative consequences for your finances. Of course, there can also be fees and penalties for not filing your tax return on time.
It is true that some taxpayers may not have enough time to file. However, they can still apply for an extension of time to file. Do not forget to pay the IRS even before the April 15 deadline is over if you owe tax. It is not possible to postpone the payment of your tax liability. Some taxpayers may want to agree on a payment plan but they imply paying interest.
IRS average refund amount
As of March 28, 2025, the average refund amount is $3,170. In this case, it is about 3.9% higher than in March 2024. Back then, it was about $3,050 on average. So taxpayers are receiving higher refunds during the new Tax Season.
IRS Direct deposit refunds are also higher in 2025. On average, taxpayers receive 3.6% more than in 2024. The average direct deposit refund is worth $3,236, up from $3,214.
For your information, the IRS has deposited more than $191.407 billion during the 2025 tax season. That is a staggering amount and it is 5.4% more than in the previous season.
If you have not filed yet, make sure you check your eligibility for different tax credits follow these steps not to forget anything, and submit an accurate return before April 15.
IRS tips to file your 2024 return in 2025
In the first place, not all American taxpayers must file a 2024 tax return. Still, some taxpayers who are not required to file by the IRS may be eligible for a tax credit. Hence, it is essential to check if you must file or not and your eligibility for any tax credits.
Most United States citizens o permanent residents who are currently working in the USA must file a 2024 tax return. Taxpayers who were under 65 at the end of 2024 should check this:
- If your filing status is one of these, you will have to file a tax return if your gross income is:
Single: $14,600 or more
Head of household: $21,900 or more - Married filing jointly: $29,200 or more (both spouses under 65)
$30,750 or more (one spouse under 65) - Married filing separately: $5 or more
- Qualifying surviving spouse: $29,200 or more
If you must file, gather all the necessary documents like: SSN or ITIN, bank account and routing numbers, AGI, exact refund amount for 2023, address, IP PIN, Forms W-2, 1099, and so on.
Finally, get credits and deductions if you qualify for any (e.g. the EITC or ACTC). Do not forget to pay your tax liability by April 15 even if you get a time extension. More information on the IRS website at: https://www.irs.gov/how-to-file-your-taxes-step-by-step