IRS Tax Refunds Averaging $3,170 for Americans Under and Over 65

In 2025, the IRS has set April 15 as the final date to receive tax refunds. To qualify for a refund, you must pay all your taxes by this date. If you miss this deadline, you may incur penalties and fees, as well as additional interest that could harm your financial situation. To avoid these issues, make sure to pay your taxes on time or consider setting up a payment plan, which may also include interest.

In this article, we will discuss in detail IRS tax refunds in 2025, refund amounts, and payment plans.

IRS Tax Refunds: Refund amount increased in 2025

In 2025, the good news is that both the average refund amount and the direct deposit refund amount have increased. One reason may be that the IRS has updated the amount of some tax credits. Because of this, the refund amount may increase. Also, the IRS has refunded more money than in 2024. A total of $195.189 billion in refund amounts has been distributed in 2025, which is more than $185.641 billion in 2024.

If you are getting a tax refund in 2025, it can provide you with good financial help, especially if you have the required credit qualifications for a refund.

Average Refund Amount by IRS

As of March 28, 2025, the average refund amount has increased by 3.9% by the IRS. This means that a taxpayer is getting an average refund of $3,170, while this amount was $3,050 in 2024. If we talk about direct deposit, the average amount is $3,236 in 2025. It is true that the average payment is about the same as it is in 2024, but it is still quite high.

If you are receiving the average direct deposit in 2025, that is $66 more than what you would get from the average refund in 2024. Thus, you can take full advantage of this refund amount, provided you are eligible for eligible tax credits.

Tax Credits and Increased Refund Amount

The IRS offers several types of tax credits that can increase your refund, such as the Earned Income Tax Credit (EITC), the Child Tax Credit, and the Energy Efficient Home Improvement Credit. If you are eligible for these credits, you may get an increase in your refund.

To get the most out of your tax refund, you can seek the help of a tax professional who will help you with the right documentation or you can get help from them if you are eligible for VITA (Volunteer Income Tax Assistance) or TCE (Tax Counseling for the Elderly).

IRS Payment Plan and Payment Schedule

In 2025, there are some important changes to the IRS’s payment schedule. Here are some key points that can help you ensure that your refund is processed on time and correctly:

What to do to get a refund:

1. You must have filed a 2024 tax return.
2. You must have signed the return.
3. You must have dated the return correctly.
4. You must not have made any mistakes.
5. The return is complete and accurate.
6. You must have requested direct deposit.
7. You must have opted for IRS electronic filing.

IRS payment schedule:

1. April 11, 2025: If you filed your return on March 21, 2025.
2. April 12, 2025: If you filed your return on March 22, 2025.
3. April 13, 2025: If you filed your return on March 23, 2025.
4. April 14, 2025: If you filed your return on March 24, 2025.
5. April 15, 2025: If you filed your return on March 25, 2025.
6. April 16, 2025: If you filed your return on March 26, 2025.
7. April 17, 2025: If you filed your return on March 27, 2025.
8. 18 April 2025: If you have filed your return on 28 March 2025.
9. 19 April 2025: If you have filed your return on 29 March 2025.
10. 20 April 2025: If you have filed your return on 30 March 2025.
11. 21 April 2025: If you have filed your return on 31 March 2025.

Last Date and Final Warning to Receive Tax Refund

In 2025, if you want to receive your refund before April 15, it is important that you file all the documents on time. Also, make sure that you have paid all the required tax payments on time so that you can avoid any penalty.

Keep in mind that if you accept a plan for your tax payments, you may face interest and fees, which can negatively impact your financial situation.

Conclusion

The IRS’s tax refund process in 2025 and the increased refund amount have come as a relief to millions of Americans. If you want your refund to be received quickly and without any hassle, make sure you file all the documents on time and take care of your tax payments. With the right information and planning, you can make the most of your refund.

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