The average reimbursements of taxpayers are larger than a year ago, says Irs

New data from Internal Tax Service (IRS) It shows that the average tax reimbursement received by US taxpayers in the 2024 tax submission season so far is higher than the disbursed a year ago.

IRS data until February 28, 2025 show that the average Tax refund The amount for tax statements filed until that date was $ 3,382. That is approximately 6.3% higher than the average reimbursement of $ 3,182 until March 1, 2024.

The data also showed that the total number of reimbursements and the reimbursed quantity to taxpayers so far is exceeding last year.

Until February 28, the total number of reimbursements issued increased 1.7% last year to a little more than 36.9 million issued to date in the 2024 tax presentation season. The total amount reimbursed has seen a higher increase until now, with $ 124.8 billion reimbursed, 8.1% more than last year.

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The Internal Tax Service (IRS) reported that average tax reimbursements are higher than a year ago during the first month of the presentation season. (Kayla Bartkowski / Getty images) / Getty images)

The vast majority of taxpayers receive their reimbursements through direct deposit – Of the 36.9 million reimbursements issued, more than 36.1 million, or approximately 98%, were paid for direct deposit.

The total number of direct deposit refunds has also increased by 2.2% for a year, while the total reimbursed amount has increased by almost $ 10 billion, or 8.2%, to $ 124 billion until February 28.

Average tax reimbursements issued through the direct deposit have also increased in size for a year, increasing from $ 3,244 at this stage of the presentation season last year to $ 3,436 this year, an increase of 5.9%.

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The IRS issues tax reimbursements when taxpayers pay more than they owe during the year. (Katopodis / getty images) / getty images)

The IRS issues reimbursements to taxpayers who have paid more in taxes than they should.

Refunds can be issued a direct deposit in a current account, savings or retirement, even dividing by up to three different accounts.

IRS can also send paper checks to taxpayers, while other options include prepaid debit cards, some mobile payment or deposit applications in a individual retirement account (GONNA).

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The IRS can send taxes reimbursement to taxpayers who refuse to use the direct deposit. (Istock / Istock)

Taxpayers who expected direct deposit refunds but who received a paper check may have received the paper check because the direct deposit account is not under its name, the name of their spouse or a joint account; Because the Financial Institution rejected a direct deposit; or more than three electronic refunds for an account were requested.

Taxpayers can verify the status of their tax reimbursement using the “Where’s My Rebumes” IRS tool to see the status of their refund. The information appears approximately 24 hours after a taxpayer sends a statement of the current year, or 4 weeks after submitting a paper statement. For returns from the previous year, approximately 3 or 4 days are needed to appear in the system.

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The IRS updates the Where’s where’s refund tool once a day during the night and is generally not available every morning between 4 and 5 am to the east while the updates are processed.

To use the WHER’S WHER’S REFOUND TOOL, Taxpayers need their Social security o Individual taxpayer identification number, your submission status and the exact amount of reimbursement in your statement.