Taxpayers across the country continue to await their tax refunds following the April 15 filing deadline for the 2024 tax year. The IRS processes returns and issues payments based on filing date and method. Many rely on this money as an important financial adjustment.
Updates from the 2025 Tax Season indicate adjustments in refund amounts. The average refund amounts had reached $2,942 as of late April, an increase compared to the previous year. The IRS average direct deposits May 2025 are tracking higher than the general average, estimated near $3,023 this year.
Refunds typically arrive within 21 days when filed electronically and requesting direct deposit, assuming the return is complete and accurate. However, the exact timing depends on various factors.
Some taxpayers can expect their IRS direct deposits to arrive within specific windows in May 2025. Those who filed their returns electronically and opted for direct deposit between April 14 and April 20 are estimated to receive their funds between May 5 and May 11.
Filing method significantly impacts processing speed. Electronic submissions are processed faster than paper returns sent by mail. Choosing direct payments also accelerates receiving funds compared to waiting for a paper check.
Certain tax credits, such as the Earned Income Tax Credit or the Child Tax Credit, may introduce additional processing time. The IRS reviews these claims closely to prevent fraud, which can delay the release of funds.
Taxpayers can check the status of their refund using the official IRS online tool. The tool requires the filer's Social Security number, filing status, and the exact refund amount claimed.
