Posted by As the calendar year progresses, the deadline for filing tax returns in the United States is rapidly approaching. With only a few days left until the April 15 deadline, over 70 million taxpayers have already filed their returns.
However, this figure shows a slight decline of 1.7% compared to last year, according to the most recent data from the IRS.
Increased Refunds Amid Declining Filings
While the number of tax returns filed has decreased slightly, there is good news for those who have already filed. The total amount of tax refunds issued so far has significantly increased, totaling over $162.992 billion—a 6.7% increase compared to the previous year.
Of this total, approximately $160.92 billion has been distributed via direct deposit, a method that continues to grow in popularity due to its speed and security.
For many households under pressure from rising costs and inflation, these refunds offer much-needed relief. On average, individuals who have received their refunds via direct deposit have received $3,330, which is 4.8% higher than the previous year. However, this amount can vary greatly depending on individual circumstances.
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Getting Your Refund By April 15th
Despite a small dip in the number of returns filed, the overall average refund amount for the 2025 tax season has increased to $3,271, reflecting a 5.2% increase from the previous year. This increase is especially beneficial during challenging economic times, where every dollar counts.
For taxpayers who have yet to file, filing electronically and opting for direct deposit is still the best way to ensure a speedy refund. The IRS estimates that, if all conditions are met, your refund could be processed in as little as 21 days. These basic conditions include:
- Electronically filing your return
- Requesting a direct deposit refund
- Submitting a complete and accurate return
If additional processing or review is necessary, the timeline may be extended by a few days. To stay updated on the status of your refund, use the “Where’s My Refund?” tool on the IRS website.
Estimated Timetable for Refunds
The IRS has provided a schedule to help taxpayers estimate when they can expect their refund after filing:
| Filing Date | Estimated Refund Date |
|---|---|
| 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 |
| March 21 | April 11 |
| March 22 | April 12 |
| March 23 | April 13 |
| March 24 | April 14 |
| March 25 | April 15 |
Last-Minute Tips for Tax Filers
If you haven’t yet filed your return, there is still time. Filing as soon as possible allows you to avoid potential penalties and ensures that you will receive your refund before the deadline.
The sooner you file, the sooner you can access those funds in your account. Keep in mind that the deadline for filing is April 15th—don’t delay!
As the deadline approaches, it’s essential to file your taxes on time to receive any potential refunds promptly. The increase in refunds this year offers hope to many individuals facing financial challenges.
Filing electronically and opting for direct deposit remains the fastest way to ensure a smooth and timely refund process. Don’t miss out on the chance to file and receive your refund before April 15th.
FAQs
When is the tax filing deadline in 2025?
The deadline for filing taxes is April 15, 2025.
How long will it take to get my refund?
If you file electronically and choose direct deposit, the IRS estimates your refund can arrive within 21 days or less, unless additional review is needed.
What is the average refund amount in 2025?
The average refund for 2025 is $3,271, a 5.2% increase over last year.
How can I track my refund?
You can track your refund status using the IRS’s “Where’s My Refund?” tool on their website.
Can I still file my taxes if I missed the deadline?
While the deadline is April 15, it’s important to file as soon as possible to avoid penalties and potential interest on any outstanding balance.