IRS Delivers Record $145 Billion in Tax Refunds as 2025 Filing Season Accelerates
Tax season 2025 is well underway, with the IRS already distributing $145 billion in refunds to American taxpayers. The average refund has increased to $3,324, representing a 5.7% rise from 2024's average of $3,145.
Calculator and notebook on tax forms
Latest IRS Statistics (as of March 7, 2025):
- Processed returns: 60.7 million (1.8% decrease from 2024)
- Total returns received: 61.4 million (2.1% decrease from 2024)
- Refunds issued: 43.6 million (1.5% increase from 2024)
- Total refunds distributed: $145 billion (up from $133.8 billion in 2024)
- Average refund: $3,324 (5.7% increase from 2024)
Reasons for Larger Refunds in 2025:
- Inflation adjustments to tax brackets and standard deductions
- Expanded eligibility for tax credits (EITC and Child Tax Credit)
- Higher tax withholding from paychecks
Track Your Refund:
- Use the "Where's My Refund?" tool on IRS.gov
- Download the IRS2Go mobile app
- Call 1-800-829-1954
- Electronic refunds typically process within 21 days
Filing Tips for 2025:
- File electronically for faster processing
- Verify all information carefully
- Consider professional tax help for complex returns
- Remember the April 15 deadline
Your specific refund amount will depend on individual factors like deductions, credits, and withholding amounts. For the best results, ensure you're claiming all eligible credits and deductions when filing your return.