The IRS started accepting 2024 tax returns back in January. Actually, it was on January 27 when the first submissions were received by the Internal Revenue Service. Bear in mind that it is essential to file your return before the April 15, 2025, deadline comes to an end. In this way, you will not have to face any fee or penalty. Not only is it necessary to file your 2024 tax return, but it is also mandatory to pay your tax liability before April 15.
Even those American taxpayers who request an IRS extension of time will have to pay before April 15. The good news is that the average tax refunds are higher than in 2024. Therefore, millions of eligible taxpayers are getting more money during the 2025 tax season. Of course, some taxpayers do not qualify for a refund. It depends on your tax withholding and tax credits whether you qualify whether you get money or not.
IRS average tax refunds
As of March 28, 2025, the average tax refund for eligible taxpayers is $3,170. This average refund amount is much higher than in 2024. In fact, it is so far higher than Social Security’s COLA increase which was just 2.5%. So it will be interesting to know if by the end of the 2025 tax season average refunds from 2024 and 2025 level out or not.
For your information, the current average refund amount is 3.9%. Bear in mind that it was $3,050 on March 29, 2024, and it was $3,170 on March 28, 2025. Another interesting figure is the fact that there are 61,577,000 refunds so far. While the total number of direct deposits are 59,144,000. which is about 1.8% higher than in 2024.
The IRS has spent a great deal of money on direct deposits in 2025. In fact, the Agency has spent $191.407 billion on direct deposits. Even the amount of money taxpayers received so far from direct deposits is higher. The average direct deposit refund amount is $3,236, up from $3,124. That represents 3.6% more than in 2024.
IRS payment schedule after April 10
In general, if taxpayers request a direct deposit and file electronically, they can receive their IRS payment (if eligible) within 21 days. So, in just 3 weeks you can receive your cash. To know when your payment is due, check the “Where’s my refund?” tool. It is online and free.
- Taxpayers who filed their 2024 on March 20, 2025: possible tax refund payment on April 10
- Taxpayers who filed their 2024 on March 21, 2025: possible tax refund payment on April 11
- Taxpayers who filed their 2024 on March 22, 2025: possible tax refund payment on April 12
- Taxpayers who filed their 2024 on March 23, 2025: possible tax refund payment on April 13
- Taxpayers who filed their 2024 on March 24, 2025: possible tax refund payment on April 14
- Taxpayers who filed their 2024 on March 25, 2025: possible tax refund payment on April 15
- Taxpayers who filed their 2024 on March 26, 2025: possible tax refund payment on April 16
- Taxpayers who filed their 2024 on March 27, 2025: possible tax refund payment on April 17
- Taxpayers who filed their 2024 on March 28, 2025: possible tax refund payment on April 18