Tax season in the United States is in full swing, and as of March 14, 2025, more than 70 million people have already filed their tax returns. Although this is a huge number, it’s 1.7% less than what was filed during the same time last year. But here’s the good news—refund amounts are going up, which is a big relief for many families struggling with rising costs and inflation.
If you’re still waiting to file or wondering how much refund you can get, this article will guide you through the latest updates, average refund amounts, and when you might receive your money from the IRS.
IRS Reports Increase in Refund Payouts
Even though slightly fewer people have filed their tax returns this year, the IRS has already refunded more than $162.99 billion to taxpayers. That’s a 6.7% increase compared to the same time in 2024. Most of this money—about $160.91 billion—was sent through Direct Deposit, which is the fastest and most popular method.
This year, the number of people choosing direct deposit also grew by 6.8%, showing that more taxpayers prefer to receive their refunds straight into their bank accounts.
Average Refund Amount in 2025
So how much are people getting back this year? The average refund for 2025 so far is $3,271, which is a 5.2% jump from last year. If we look only at the refunds sent via direct deposit, the average amount is even higher—$3,330. Some people are getting less, around $2,600, while others are receiving more, depending on their tax situation.
These higher refunds are helping people deal with inflation and increasing expenses like rent, food, and fuel.
Estimated Dates for IRS Refund Direct Deposits
If you’re wondering when your refund will arrive, the IRS has provided a general schedule. If you filed your return on one of the dates below, and everything was correct with your filing, here’s when you might receive your direct deposit:
Filing Date → Estimated Refund 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
Keep in mind, these dates apply only if you meet three conditions:
You filed electronically, asked for direct deposit, and your return has no errors.
If the IRS needs more time to check your return, your refund might take longer.
Why You Should Still File Electronically
If you haven’t filed your taxes yet, the best way to get your refund quickly is to file electronically and choose direct deposit. Paper filings and mailed checks can take much longer. Plus, using the IRS “Where’s My Refund?” tool on their website can help you track when your money will arrive.