02/28/2025
The IRS has issued 3,200,000 tax refunds this year — here’s the average payment Americans received. How does yours stack up?
Tax filing season is underway and the IRS has already begun issuing tax refunds. In fact, the Internal Revenue Service published some recent statistics on January 31, 2025 detailing both how many returns had been processed and how many refunds had been sent so far.
A quick look at the data shows that a surprising amount of returns have already been filed given how early it is in the tax season. Plus, there's some good news for taxpayers. The average refund this year is considerably higher than last year.
How much are Americans getting in tax refunds?
To date, the IRS has received 13,177,000 tax returns. While that’s a lot, it's 14% fewer than the 15.3 million returns the agency had received by this time last year
While the IRS has received fewer returns to date, it has already issued a massive 23% more refunds: 3,231,000 compared to 2,616,000 sent out by this point in 2024. This suggests more people overpaid or people expecting a refund are filing earlier
Contact SUBER TAX SERVICES today!!!