For many Americans, tax season is more than just a legal duty—it’s a chance to improve their financial situation. Whether it’s adjusting how much tax is deducted from their pay, claiming deductions, or getting refunds, filing a tax return is a big deal for millions. The Internal Revenue Service (IRS) handles the entire process, helping people file properly and making sure everyone follows the rules.
In today’s world, where the cost of living is rising, a tax refund can provide much-needed relief. Some people get back a large amount of money, especially if they’ve claimed the right tax credits and deductions. Others might owe money. Either way, the IRS offers tools and guidance to make things clearer.
Tax Filing Stats for 2025 So Far
As of March 14, 2025, the IRS has already processed over 70 million tax returns. That’s 1.7% fewer returns compared to the same period in 2024. But even though fewer people have filed, the total refund amount is higher this year, which is great news for taxpayers looking for financial support.
This trend shows that while some may be filing later or less frequently, many of those who do file are getting larger refunds thanks to better use of tax-saving options.
How Much Are Taxpayers Getting Back in 2025?
The average tax refund in 2025 is higher than last year. According to the IRS:
- People who used direct deposit have received an average refund of $3,330, which is 4.8% more than in 2024.
- The overall average refund for this season is $3,271, showing a 5.2% increase from the previous year.
This increase can be due to several factors like applying the right deductions, updated tax credits, or having more tax withheld during the year. However, the exact refund amount depends on each person’s income, deductions, and tax credits.
Direct Deposit Is the Preferred Method
So far, about $160.919 billion has been refunded through direct deposit, which is 6.8% more than in 2024. More and more people are choosing this method because it is fast, safe, and reliable. Electronic filing along with direct deposit continues to be the quickest way to get your money back.
When Will You Get Your Refund?
The IRS usually processes refunds within 21 days or less if the following conditions are met:
- You file electronically,
- You choose direct deposit,
- And your tax return is accurate and complete.
If your return has mistakes or the IRS needs extra information, the refund could take longer. You can track your return anytime using the “Where’s My Refund?” tool on the official IRS website.
Here’s a quick look at the estimated IRS refund deposit schedule for March filings:
- Filing Date → Expected Deposit Date
- March 3 → March 24
- March 4 → March 25
- March 5 → March 26
- March 6 → March 27
- March 7 → March 28
- March 8 → March 29
- March 9 → March 30
- March 10 → March 31
- March 11 → April 1
- March 12 → April 2
- March 13 → April 3
- March 14 → April 4
- March 15 → April 5
- March 16 → April 6
- March 17 → April 7
- March 18 → April 8
- March 19 → April 9
- March 20 → April 10
Still Haven’t Filed? Here’s What You Should Know
If you haven’t submitted your tax return yet, there’s still time. Filing electronically with direct deposit is still the fastest and safest way to receive your refund. Just make sure you check your return carefully before submitting it—mistakes or missing information can delay your payment.
Also, remember to file before the deadline to avoid penalties or missed refunds. Planning ahead and filing accurately can make a big difference in how fast you get your money back.