IRS update: 1 week left to receive the first tax refunds of $1,928 during the 2025 tax season

Many Americans have already filed their 2024 tax refund. The IRS (Internal Revenue Service) claims that those who file electronically and request direct deposit could get their tax refund within 21 days.

Obviously, this will only be possible if you file a tax return that is accurate and complete. Not doing so may delay your tax refund direct deposit because the IRS will need to review your case and that will imply delays.

When could the 1st tax refunds from the IRS be in your bank account?

02/10/2025 19:00
Francisco Candelera
IRS update: 1 week left to receive the first tax refunds of $1,928 during the 2025 tax season
Many Americans have already filed their 2024 tax refund. The IRS (Internal Revenue Service) claims that those who file electronically and request direct deposit could get their tax refund within 21 days.

Obviously, this will only be possible if you file a tax return that is accurate and complete. Not doing so may delay your tax refund direct deposit because the IRS will need to review your case and that will imply delays.

When could the 1st tax refunds from the IRS be in your bank account?
If you filed your 2024 tax refund on January 27, you may receive your direct deposit in your bank account on February 17, 2025. Remember that January 27 was the 1st day the Internal Revenue Service accepted tax returns.

So, the 1st day after 21 days will be February 17, 2025. As for those taxpayers who have claimed the Earned Income Tax or the Additional Child Tax Credit, the wait times are higher.

In fact, they can expect their tax refund by March 3, 2025, said the IRS. Some may get their refunds a few days earlier though. To know how long your refund will take check the tool known as “Where’s My Refund”.

IRS unveils the average tax refund in 2025

The IRS made an important announcement on January 31, 2025, on the average tax refund in the 2025 tax season which is known to be the only thing final at this point. They say on average, refunds have amounted to $1,928 as per the statistics which are for the 2025 Filing season statistics for individual tax returns.
The new figure of the average tax refund at 2025 is $1,928 compared to the nearly three weeks old mouthpiece which was $1,777 in 2024 on February 2. Another record shows the direct deposits could be nearly 34% higher than in the past. Accordingly, on average including 2025 year the direct deposits amount is $2,069 end cheques are gradually becoming almost extinct.
Dealing with the statistics in view the number of included tax returns is less than the previous year because they’ve been just newly announced resulting in the 2024 tax season. Thus, only a small portion of the IRS statistics should be considered as first.

Table: IRS Update – First Tax Refunds of $1,928

How to Ensure Timely Refund Processing

2011 Top Money Moves – File your taxes early in order to get your refund as soon as possible. Remember that the sooner you file, the faster the IRS can process your return.

• Holiday Cash – Brick and Mortar Banks Save Time – Use direct deposit for refunds so that you have the money available to you once it hits your account.
• Show Me the Money! Mobile Money Management Tips. – Double-check the error you made on your return. It can result in a delay in the processing of your refund. So, be sure every piece of information that you write is correct and valid.
• Keeping the tax records – Click on the IRS “Where’s My Refund?” link to verify if the IRS has already issued the

Conclusion

With just a week remaining to receive the first batch of $1,928 tax refunds for the 2025 tax season, it’s important to ensure your return is filed correctly and promptly. By filing early, choosing direct deposit, and checking for errors, you can help ensure a smooth and timely refund process.

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