Tax Refunds Hit Accounts This Week—$3,034 Average from the IRS

Tax Refunds Hit Accounts This Week—$3,034 Average from the IRS

The Internal Revenue Service will continue delivering tax refunds as long as eligible taxpayers file on time. The IRS is depositing $3,034 on average as of May 9, 2025.

Thus, direct deposits are slightly higher during the 2025 Tax Season than last year. Bear in mind that some taxpayers have more time to file because they got an extension.

Some of them because they applied for it, and others because they are victims of a natural disaster and qualified for tax relief automatically.

Generally, the IRS can pay a tax refund within 21 days. On some occasions, it could just take 8 days. However, it will depend on many different factors, and it is best to check the “Where’s My Refund?” tool to have direct information about your refund payment.

IRS refund within 21 days if:

Do not forget that a bank can take up to 5 days to process your direct deposit. So, even if you see a sent date on the “Where’s My Refund?” tool, it may not be an immediate payment.

IRS Announces State-Specific Tax Extension Due to Special Circumstances

What is more, it is important to highlight that to get a fast refund, you must:

  • File electronically
  • Request a direct deposit
  • Submit a complete return
  • Your return must be accurate

Some taxpayers may often have to wait for more than 21 days. Among the most common things, tax returns may have errors, they are incomplete or they may have been affected by fraud or identity theft.

On some occasions, the returns need to be corrected because the child tax credit amount is wrong. Earned income tax credit, additional child tax credit claims, or Form 8379, Injured Spouse allocation, can also cause delays.

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