IRS Gives Tax Refund Update

Your 2025 tax refund could be larger than you think, latest IRS numbers show payments are up
While refunds are up, the number of people who’ve filed already is down compared to 2024. The IRS has received 42.7 million returns in 2025, down 4.2 percent compared to this time last year. Even with the number of returns not keeping pace with 2024, the total number of refunds issued so far (29.6 million) is up 2.3 percent.
IRS Gives Tax Refund Update as Over $100B Returned
According to the latest data from the IRS, $102.253 billion has been refunded to taxpayers so far this filing season, which began on January 27. The amount taxpayers are getting has increased too. The average refund amount has increased from $3,213 in 2024 to $3,453—a boost of $240.
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With approximately 90,000 full-time employees, the IRS stands to lose about 17 percent of its workforce with these projected layoffs. It's not yet clear how the layoffs would impa
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If you haven’t filed your tax return yet, you can use a tax calculator to estimate your federal refund. Gather paystubs, tax forms — such as W-2s or 1099s — and any other documents you may need to file.
When should you have filed your return with the IRS to receive the refund in March?
While the Oscars may have their winners, many Americans are set to receive a more impactful reward: the 2025 Tax Refund. This financial boost, courtesy of the IRS, is a result of overpaid taxes and could be a significant benefit for eligible citizens.
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The average tax refund could bring you a few thousand dollars this year. Here's how much it could earn in a CD.
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