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Americans’ tax refund compared to last year: IRS


New data from Internal Revenue Service Shows that the average tax received by American taxpayers in the 2024 tax filing season is more than a year ago.

IRS data through February 28, 2025 shows that average tax refund The amount for return was $ 3,382 for returns through that date. This is about 6.3% more than an average withdrawal of $ 3,182 via March 1, 2024.

Data has also shown that the refund and amount has been refunded to the taxpayers, thus moving forward last year.

Through February 28, the total number of refunds issued is up 1.7% from the previous year, slightly higher than 36.9 million issued in the 2024 tax filing season to date. The returned total amount has seen a major growth so far, with a return of $ 124.8 billion – 8.1%from last year.

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The Internal Revenue Service (IRS) reported that the average tax refund through the first month of the filing season is more than one year ago. (Kayla Bartakowski / Getty Images) / Getty Images)

Get their refunds through the vast majority of taxpayers direct deposit – 36.9 million refunds were issued, more than 36.1 million, or about 98%, paid through direct deposits.

The total number of direct deposits refunds is also 2.2% from a year ago, while the total amount returned has increased by about $ 10 billion or 8.2%, to $ 124 billion through 28 February.

The average tax refunds issued through direct deposits have also increased in size a year ago, in this stage of the filing season last year increased from $ 3,244 to $ 3,436 this year – 5.9%increase.

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IRS issues tax refunds when taxpayers pay maximum during the year. (Tasos Katopodis / Getty Image) / Getty Image)))

IRS issues refunds to taxpayers, who have paid more in taxes.

The refund can be issued by direct deposit to a checking, savings or retirement account – in which three of the three separate accounts can be divided into.

IRS can also mail paper checks to taxpayers, while other options include prepaid debit cards, some mobile payment applications, or deposits Individual retirement account (Ira).

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IRS can mail tax refund checks to taxpayers who reject to using direct deposits. (Istock / istock)

Taxpayers who expected direct deposit refunds, but may have received a paper check, maybe the paper check may be received because the Direct Deposit Account does not have their names, their husband or wife’s name or a joint account; Because Financial institution A direct deposit was rejected; Or more than three electronic refunds were requested for an account.

Taxpayers can check their tax refund status using the IRS “Wharses My Refund” tool to see their refund status. A taxpayer appears about 24 hours after submitting a current year return, or 4 weeks after filing paper returns. For previous year returns, it takes about 3 or 4 days to appear in the system.

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IRS is a refund tool once a day and usually unavailable between 4 to 5 in the morning while the updates are processed.

To use my refund tool, taxpayers need them social Security Or individual taxpayer ID number, their filing status, and an exact return amount on their return.



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