LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

The IRS has issued 3.2 million tax refunds this year. Here’s the average payment

Tom Robbins by Tom Robbins
February 7, 2025
in Investing
The IRS has issued 3.2 million tax refunds this year. Here’s the average payment
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Hispanolistic | E+ | Getty Images

Tax season has kicked off, and the IRS has issued roughly 3.2 million refunds this year as of Jan. 31, the agency reported. 

This represents current-year returns filed.

The average refund was $1,928 over the first four days of the filing season.

However, the IRS expects more than 140 million individual filings through the April 15 deadline, so the average refund could change throughout the season.

Typically, you can expect a refund when you overpay taxes throughout the year via paycheck withholdings or estimated payments.

More from Personal Finance:
Your tax return could be ‘flagged for audit’ without these key forms
‘Where’s my refund?’ How to check the status of your federal tax refund
Lower earners can see ‘five-figure refunds’ from these tax credits

As of Dec. 27, the average refund for the 2024 season was $3,138, which is about 1% lower than the average payment in 2023, according to the IRS.

You can check the status of your refund for the 2025 season via the “Where’s My Refund?” tool or the IRS2Go app.

How to get a faster tax refund

“Filing electronically and selecting direct deposit is the best way to get your refund quickly,” former IRS Commissioner Danny Werfel said in early January.

Typically, the IRS issues most refunds in less than 21 days, but several factors can impact your refund timing, according to the agency.

By law, the IRS can’t issue earned income tax credit or additional child tax credit refunds before mid-February. Those refunds should arrive by March 3 if there are no issues with your tax refund, the agency said. 



Source link

You might also like

Top Wall Street analysts favor these 3 dividend stocks for steady returns

Challenging Buffett: Buying wonderful companies at fair prices isn’t more profitable

This retirement plan feature offers tax-free growth — but only 18% of investors use it

Share30Tweet19
Previous Post

Doximity shares pop 36% on revenue beat, rosy guidance

Next Post

Trump says Nippon will invest heavily in U.S. Steel rather than purchase the company

Tom Robbins

Tom Robbins

Recommended For You

Top Wall Street analysts favor these 3 dividend stocks for steady returns
Investing

Top Wall Street analysts favor these 3 dividend stocks for steady returns

August 24, 2025
Challenging Buffett: Buying wonderful companies at fair prices isn’t more profitable
Investing

Challenging Buffett: Buying wonderful companies at fair prices isn’t more profitable

August 24, 2025
This retirement plan feature offers tax-free growth — but only 18% of investors use it
Investing

This retirement plan feature offers tax-free growth — but only 18% of investors use it

August 24, 2025
Medtronic makes two key additions to its board. How activist Elliott can build shareholder value
Investing

Medtronic makes two key additions to its board. How activist Elliott can build shareholder value

August 23, 2025
Next Post
Trump says Nippon will invest heavily in U.S. Steel rather than purchase the company

Trump says Nippon will invest heavily in U.S. Steel rather than purchase the company

Related News

Airdrop success propels Bitget wallet to second most popular in Japan

Airdrop success propels Bitget wallet to second most popular in Japan

July 24, 2024
Gap discloses plan to lay off 1,800 employees as it looks to decrease management layers

Gap discloses plan to lay off 1,800 employees as it looks to decrease management layers

April 27, 2023
Walmart says Judith McKenna, CEO of Walmart International, to retire after nearly 30 years

Walmart says Judith McKenna, CEO of Walmart International, to retire after nearly 30 years

August 17, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?