The Internal Revenue Service (IRS) has set the deadline for filing 2024 tax returns as April 15, 2025.
This is the final date to submit your tax return and pay any outstanding taxes. If you need extra time, consider requesting an extension before the deadline.
Tax Relief for Disaster Victims
In the case of a natural disaster, such as a storm or wildfire, some U.S. taxpayers may be eligible for tax relief. The IRS offers extensions for filing and paying taxes if you have been affected by a disaster.
If you’ve experienced such an event recently, it’s crucial to check whether you qualify for an extension on tax deadlines.
Increased Direct Deposit Refunds in 2025
Average Refund Amount
The IRS has announced that the average direct deposit refund for the 2025 tax season is $3,284, an increase of $132 from the previous year’s $3,152 refund.
This represents a 42% increase over 2024, marking a significant rise in refund amounts.
Total Refund Expenditure
The IRS has allocated $176.591 billion towards direct deposit refunds for the 2025 tax season. This shows a notable commitment to delivering refunds efficiently and in a timely manner.
Paper Check Refunds
For taxpayers who opt for paper check refunds, the average refund in 2025 is slightly lower at $3,221, but it still represents an increase of 4.6% from 2024.
IRS Direct Deposit Payment Schedule
The IRS aims to issue refunds within 21 days for electronic filers who request direct deposit. The refund process is quicker when your return is filed electronically, is accurate, and is signed.
Below are the estimated payment dates for returns filed starting March 11, 2025:
| Tax Return Filed Date | Direct Deposit Payment Date |
|---|---|
| March 11, 2025 | April 1, 2025 |
| March 12, 2025 | April 2, 2025 |
| March 13, 2025 | April 3, 2025 |
| March 14, 2025 | April 4, 2025 |
| March 15, 2025 | April 5, 2025 |
| March 16, 2025 | April 6, 2025 |
| March 17, 2025 | April 7, 2025 |
| March 18, 2025 | April 8, 2025 |
| March 19, 2025 | April 9, 2025 |
Taxpayers should keep in mind that the IRS is processing 2024 tax returns and offering timely refunds through direct deposit or paper checks.
With the April 15, 2025 filing deadline approaching, it’s important to file early and take advantage of any possible tax relief if you’ve been affected by a natural disaster. Direct deposit refunds continue to grow, offering higher-than-ever amounts to U.S. taxpayers.
FAQs
What is the deadline for filing my 2024 tax return?
The deadline is April 15, 2025. Be sure to file and pay any taxes owed by this date unless you request an extension.
Can I get an extension if I have been affected by a natural disaster?
Yes, the IRS offers tax relief to individuals affected by natural disasters. You may qualify for an extension in such cases.
How much is the average IRS refund for 2025?
The average direct deposit refund for 2025 is $3,284, up from $3,152 in 2024.
When will I receive my direct deposit refund?
The IRS aims to issue refunds within 21 days if you filed electronically and requested direct deposit.