The Internal Revenue Service (IRS) has so far disbursed approximately 3.2 million tax refunds for the 2025 filing season, with the average refund standing at $1,928 as of January 31. This initial figure covers the first four days of the tax season.
The annual tax season is well underway, and many early filers are already seeing their refunds deposited into their accounts. By January 31, the IRS had issued refunds totaling 3.2 million, with an average payout of $1,928. This marks a notable point in the tax calendar, as millions more submissions are expected by the April 15 deadline.
While these early figures provide a snapshot of the average refund, changes are anticipated as more individuals file their taxes. Historically, refunds are issued when taxpayers have overpaid through paycheck withholdings or estimated payments over the year. Therefore, final averages may shift as more data is processed.
The IRS typically processes most refunds in under 21 days, offering a fairly quick turnaround for early filers. Yet, some factors could affect the timing of individual refunds. According to early statements from Danny Werfel, former IRS Commissioner, the promptest way to receive a refund is by filing electronically and opting for direct deposit.
However, tax refunds involving earned income tax credit or additional child tax credit cannot be issued before mid-February due to legal stipulations. These particular refunds are expected to be processed by March 3, barring any issues.
Comparative figures from previous years highlight fluctuations in average refunds. For instance, as of late December last year, the average refund for the 2024 tax season was approximately $3,138—about 1% lower than in 2023. Such variations underscore the dynamic nature of tax season outcomes.
Taxpayers eager to check their refund status for the 2025 season can utilize the ‘Where’s My Refund?’ tool on IRS.gov or the IRS2Go app. These tools provide real-time updates on refund progression and anticipated payout dates.
As the 2025 tax season continues, taxpayers should remain aware of potential adjustments in average refund amounts. By staying informed and using available technologies, they can ensure a smoother filing experience.
