We have experienced only ten days of the 2025 tax season so far, and most taxpayers are holding out for the arrival of their tax refunds. The Internal Revenue Service (IRS) expects to process in the range of about 140 million tax returns during the next few weeks through April 15, 2025. For individuals receiving some credits—such as the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC)—it is of note to know when these refunds will arrive.
Rebate of these credits will start being made available on February 17, 2025, so this will be a major date for a big chunk of filers.
Important 2025 tax filing season changes that you should remember
As you plan for the 2025 tax year, the IRS has announced a couple of changes that may affect your tax return and resulting refund. Specifically, the standard deduction has been raised: single filers will get $15,000, married couples filing a joint return will get $30,000, and heads of household will get $22,500.
Moreover, the minimum threshold of Form 1099-K is being lowered to $5,000 for payment platform transactions that will affect several small businesspeople and gig workers.
Another significant change to mention is the expansion of the Direct File program, under which taxpayers in 25 states can file federal taxes for free. The program, launched on January 27, 2025, is intended to make filing easier for many individuals.
But accuracy when you fill out your return is crucial, particularly if you don’t want to be held up in receiving your refund. Such common errors are typos of Social Security numbers and the wrong account number, all of which can take a long time to hold up timely processing of your refund.
Note the refund processing schedule
For early filers, in particular those applying for the EITC or ACTC, the IRS will hold up refunds past February 14, 2025, through the PATH Act. The intention is to cut down on false claims as well as rightful claims of credit.
Early filers’ refunds are expected to start processing on February 17, 2025, with most refunds out by February 28, 2025.
The IRS has a reliable refund processing schedule. According to their policy, the average time to receive a refund is as follows:
E-file and direct deposit: 1-3 weeks
Paper file and direct deposit: Around 3 weeks
E-file and paper check: 6-8 weeks
Paper file and paper check: 6-8 weeks
Through the use of direct deposit, it is able to expedite the process significantly since almost 90% of the taxpayers who opt for this mode get their refunds in under three weeks.
How to track your tax refund: IRS provides useful tracking resources
In order to keep track of the status of your tax refund, the IRS provides two secure tools: the “Where’s My Refund?” tool through their website and the IRS2Go smartphone app. To get your information, you will have to use your Social Security number (or an Individual Taxpayer Identification Number), your filing status, and the precise amount of your refund.
The IRS suggests using these tools for the most up-to-date information. They also suggest not calling them unless absolutely necessary.
For those who prefer help, certified tax preparers can assist with the intricacies of tax filing and accuracy, which can speed up refunds. The IRS also provides a directory of qualified tax professionals to assist taxpayers in finding the proper assistance.
With tax season in full swing, you are advised to prepare your return early and stay informed about the aforementioned changes and deadlines. With the lift of the PATH Act holding requirement on February 17, 2025, taxpayers can look forward to receiving their tax refunds soon. By filing accurately and promptly, you can maximize your chances of a swift financial windfall.
FAQs
1. When will IRS tax refunds start arriving?
IRS tax refunds typically start processing within 21 days after filing. The exact payment date depends on when you submitted your return and your selected refund method.
2. How can I check the status of my tax refund?
You can track your refund status using the IRS “Where’s My Refund?” tool on the official IRS website or through the IRS2Go mobile app.
3. What are the most common delays in receiving tax refunds?
Refund delays can occur due to errors in tax returns, incomplete information, IRS reviews, identity verification issues, or claiming certain tax credits like the Earned Income Tax Credit (EITC) and Additional Child Tax Credit (ACTC).
4. Will I get my refund faster if I choose direct deposit?
Yes, choosing direct deposit instead of a mailed check can speed up the process. Direct deposit refunds usually arrive within 21 days, whereas paper checks may take several weeks.
5. What should I do if I haven’t received my tax refund by the expected date?
If your refund is delayed, check the IRS “Where’s My Refund?” tool, confirm that your return was correctly filed, and ensure there are no outstanding issues. If needed, contact the IRS for further assistance.