The average taxpayer refund exceeds a year ago, says IRS

New data from Internal Revenue Service (IRS) shows that the average tax refund received by US taxpayers in the 2024 tax season is still higher than those paid a year ago.

IRS data by February 28, 2025 show that on average return tax The amount for the tax returns filed on this date amounted to $ 3382. This is approximately 6.3% higher than the average return of $ 3182 by March 1, 2024.

The data has also shown that the total number of returns and the amount returned by the taxpayer so far exceeds last year.

As of February 28, the total amount of money issued increased by 1.7% compared to last year to just over 36.9 million. The total returned amount has so far increased, with $ 124.8 billion – by 8.1% compared to last year.

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Internal Revenue Service (IRS) reported that the average tax refund is above a year ago for the first month of the season. (Kayla Bartkowski / Getty Images) / Getty Images)

The vast majority of taxpayers receive money Direct deposit – Of the 36.9 million return return, more than 36.1 million, or approximately 98%, were paid through a direct deposit.

The total number of returns of direct deposits also increased by 2.2% compared to the year, and the total return amount increased by almost $ 10 billion, or by $ 8.2%, to $ 124 billion by February 28.

The average tax returns issued through a direct deposit also increased in size compared to the year, increasing from $ 3244 at this stage of applications last year to $ 3,436 this year – an increase by 5.9%.

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IRS issues tax return when taxpayers pay more than they owe throughout the year. (Tasos Katopodis / Getty Images) / Getty Images)

The IRS releases taxpayers who have paid more taxes than they owe.

Refund of the means can be issued a direct deposit for verification, savings or pension – including, thanks to the section on as many as three different accounts.

IRS can also send taxpayer check papers and other options include prepared debit cards, some mobile payments apps or deposit in Individual retirement account (Ira).

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The IRS may send tax pay back to refuse to use a direct deposit. (Istock / Istock)

Taxpayers who were waiting for the deposit return, but received a paper check, perhaps received a paper check because the direct deposit account is not named, their husband’s name or joint account; Because Financial institution rejected a direct deposit; or more than three electronic returns asked for one account.

Taxpayers can check tax refund status by using the “where my refund” tool to see their refund status. The information appears approximately 24 hours after the taxpayer drops the current year, or 4 weeks after the document is submitted. It will take about 3 or 4 days to return the previous year.

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The IRS updates where my refunding tool once a day and usually unavailable every morning between 4 and 5 am the east while the updates are handled.

To use where my money refund tool, taxpayers need them Social Security or an individual taxpayer identification number, their submission status and the exact return amount.