The IRS has recently released the average tax refunds as of March 21, 2025, allowing taxpayers to compare the figures to those from the previous year.
These figures provide insight into how much 2025 tax refunds have shifted compared to the same period in 2024.
Comparison of 2025 Tax Refunds to 2024
As of March 21, 2025, the IRS confirmed that approximately 79,616,000 refunds had been processed. This represents a slight decline of about 1.1% compared to 2024, when the figure was recorded as March 22, 2024.
Update on Average Direct Deposit Refunds
The average refund for direct deposits has been updated as of March 21, 2025. The current average stands at $3,284. This figure is slightly lower than the $3,330 recorded on March 14, 2025.
However, compared to the previous year, the March 22, 2024 average direct deposit refund was $3,152, meaning taxpayers are seeing a modest increase in their refunds this year.
Direct Deposit Refund Breakdown
| Year | Date | Average Direct Deposit Refund |
|---|---|---|
| 2024 | March 22, 2024 | $3,152 |
| 2025 | March 21, 2025 | $3,284 |
So far in 2025, the IRS has issued a total of $176.591 billion in direct deposit refunds—a notable 6.1% increase over the $166.424 billion refunded through direct deposit in 2024.
Average Refund Amount Update
The average overall refund for 2025 is currently $3,221, which marks a 4.6% increase compared to 2024.
Total Refunds Issued by IRS in 2025
To date, the IRS has refunded a total of $179.469 billion. Of this total, $176.591 billion was issued through direct deposits, while the remainder was refunded to taxpayers who opted not to use the direct deposit method.
Decline in IRS Website Usage and Professional Assistance
Interestingly, there has been a significant drop in the number of taxpayers using the IRS website and hiring tax professionals. In fact, for 2024 returns, only 40,120,000 taxpayers enlisted the help of a tax professional to file their returns.
Filing Deadline and Extensions
For those who have not yet filed their 2024 tax return, it is crucial to do so before the April 15, 2025 deadline. However, taxpayers affected by severe weather conditions may qualify for an extension.
If you are uncertain about your eligibility for an extension, it is advised to contact the IRS for clarification.
The IRS has provided a promising outlook for taxpayers in 2025, with increased average tax refunds and direct deposit refunds. Despite a slight dip in overall filings, the higher average refund amounts and increased total refunds show positive growth in the tax season.
Taxpayers should ensure they meet the April 15 deadline or check for any potential extensions due to unforeseen circumstances.
FAQs
What is the average refund for direct deposits in 2025?
The average direct deposit refund is $3,284 as of March 21, 2025.
How much has the IRS refunded in total for 2025?
The total refunds issued by the IRS in 2025 amount to $179.469 billion, with $176.591 billion refunded via direct deposit.
What is the deadline for filing the 2024 tax return?
The deadline for filing your 2024 tax return is April 15, 2025.
Can I apply for an extension for filing if I was affected by severe weather?
Yes, if you were impacted by severe weather, you may be eligible for an extension. Contact the IRS to confirm your eligibility.