Average IRS Tax Refunds Down 32% as Filing Season Progresses
Taxpayers are seeing smaller refunds so far this year, but experts predict amounts may rise as more credits are processed.
- The average tax refund for 2025 is currently $2,169, 32% lower than the $3,207 average at the same point in 2024.
- Refund delays for tax credits like the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC) are contributing to the smaller average refund amounts.
- Taxpayers who file electronically with direct deposit typically receive refunds within 21 days, while paper filings take longer, up to six to eight weeks.
- The IRS advises taxpayers to use its 'Where's My Refund?' tool for status updates 24 hours after e-filing or four weeks after mailing a return.
- Experts note that refunds may increase in coming weeks as more returns are processed, reflecting trends from previous years.