The Internal Revenue Service (IRS) has released the latest refund statistics for 2025, and there’s good news for taxpayers: the average direct deposit refund has reached $3,034, while the overall average refund stands at $2,939 as of May 9, 2025.
These figures reflect electronically filed tax returns where taxpayers opted for direct deposit—the fastest and most secure way to receive your refund.
Key IRS Refund Statistics for 2025
| Metric | 2025 Figures |
|---|---|
| Average Refund Amount | $2,939 |
| Average Direct Deposit Refund | $3,034 |
| Total Refunds Issued | Approx. 93.57 million |
| Total Amount Refunded | $274.979 billion |
| Total Direct Deposit Refunds | Approx. 86.94 million |
| Amount via Direct Deposit | $263.726 billion |
These numbers show how critical direct deposit is to the refund process—accounting for the vast majority of the refunded dollars.
Refund Schedule Based on Filing Date
The IRS typically issues refunds within 21 days of receiving an e-filed return. Below is an estimated direct deposit schedule for returns filed in early May 2025:
| Filing Date | Estimated Direct Deposit Date |
|---|---|
| May 1, 2025 | May 22, 2025 |
| May 2, 2025 | May 23, 2025 |
| May 3, 2025 | May 24, 2025 |
| May 4, 2025 | May 25, 2025 |
| May 5, 2025 | May 26, 2025 |
| May 6, 2025 | May 27, 2025 |
| May 7, 2025 | May 28, 2025 |
| May 8, 2025 | May 29, 2025 |
| May 9, 2025 | May 30, 2025 |
| May 10, 2025 | May 31, 2025 |
Note: These dates are estimates. Actual deposit dates can vary based on bank processing times or return accuracy.
How to Track Your IRS Refund
To check the status of your refund, use the IRS “Where’s My Refund?” tool, available online at irs.gov/refunds.
You’ll need:
- Your Social Security Number (SSN) or ITIN
- Your filing status (e.g., single, married filing jointly)
- The exact refund amount from your return
IRS Refund Status Stages:
- Return Received
- Refund Approved
- Refund Sent
The tool updates once every 24 hours, typically overnight.
Common Reasons for Refund Delays
Your refund might be delayed due to:
- Errors or incomplete information on your tax return
- Claims involving the Earned Income Tax Credit (EITC) or Child Tax Credit (CTC), which require additional verification
- Bank processing delays—even after the IRS sends the money, banks can take up to 5 business days
- Refund offsets—if you owe federal or state debt, child support, or student loans, your refund may be reduced
Tips for a Faster, Smoother Refund Process
- File electronically to avoid delays and reduce errors
- Use direct deposit—the fastest and most secure method
- Double-check your return before submitting to ensure accuracy
- Avoid using the same account for more than three refunds per year—the IRS limits direct deposits to three per account annually
Frequently Asked Questions (FAQs)
How can I check the status of my refund?
Use the “Where’s My Refund?” tool on the IRS website by entering your SSN or ITIN, filing status, and refund amount.
Why is my refund smaller than expected?
If you owe back taxes, student loans, or child support, your refund may be offset. The IRS will notify you by mail if this happens.
It’s been more than 21 days—where’s my refund?
First, check the “Where’s My Refund?” tool. If there’s no update or issue, contact the IRS directly at 1-800-829-1040.
Final Thoughts
With over $263 billion already refunded via direct deposit in 2025, the IRS is working hard to process returns quickly and efficiently. By filing electronically, choosing direct deposit, and ensuring your information is accurate, you can join the millions of Americans receiving their refunds smoothly and on time.
Stay proactive, monitor your status, and don’t hesitate to reach out to the IRS if issues arise.