As Americans around the country start submitting their 2025 filing season tax returns, they await the day that they will receive their tax refund. By the April 15, 2025 deadline, about 140 million taxpayers will have submitted their returns to the Internal Revenue Service (IRS).Due to the availability of convenient new tools and programs, the filing of your return and the status checking of your refund have never been smoother.
As such, taxpayers are urged to stay informed about key dates and changes regarding their refunds this year.
When can taxpayers look forward to getting their refunds?
The processing time for you to get your tax refund largely depends on your filing process. For example, for those e-filing and opting for direct deposit, the IRS says that refunds will generally be mailed in 10 to 21 days. Alternatively, if you prefer filing a paper return, expect to wait a bit longer at about four weeks or more.
For individuals receiving the Earned Income Tax Credit or the Additional Child Tax Credit, refunds will be held back until after February 14, 2025, with processing commencing on February 17, 2025. Most of these refunds will be out by February 28, 2025.
To verify the status of your refund, you may use the IRS’s “Where’s My Refund?” online tool. You can access this tool within 24 hours after e-filing your return and it is updated every day, giving you real-time information regarding your refund status.To get it, you will need your Social Security number or Individual Taxpayer Identification Number, your filing status, and the amount of your refund on your return.
Key changes to know this tax season
There have been various changes for 2025 taxation, changes which can affect your filing and potential refund. Notably, the standard deduction has been increased: single filers can now subtract $15,000, those filing jointly married couples can now subtract $30,000, and heads of household can subtract $22,500.
In addition, gig workers and small business owners need to be aware of the $5,000 cut to the Form 1099-K threshold, which has the potential to affect reporting.
Another update that is considerable is the widening of the IRS Direct File program in recent times, which covers 25 states’ taxpayers and allows them to prepare and e-file their federal return for free. This means that it simplifies the tax filing process for taxpayers with uncomplicated tax conditions.
It is highly recommended that you opt for direct deposit since it will considerably speed up the process of receiving your refund, typically in less than three weeks.
Top tips for a hassle-free filing experience
In order to have a smooth filing process and prompt refund, it is necessary to file properly because minor mistakes—such as errors in Social Security numbers—can cause lengthy delays.
If you are uncertain regarding your tax situation—especially if it concerns intricate finances, such as multiple income streams—consult a tax expert. They can provide useful advice, assist you in maximizing your deductions, and maintain compliance with tax regulations.
For those who are not able to make the April 15 deadline, the IRS does permit an extension by filing Form 4868, allowing you until October 15, 2025, to file your return. Yet, it is worth noting that any taxes that are owed are still due by April 15, even if an extension is filed.
As tax season heats up, remaining informed about deadlines and updates is crucial to having a successful filing experience. As refunds begin to process on February 17, 2025, and with many taxpayers awaiting their financial boons, prompt and accurate submissions will be essential in receiving swift refunds. Through the utilization of available resources, you can prepare for this tax season with assurance.
FAQs
1. When does the 2025 tax season begin?
The IRS typically begins accepting tax returns in late January. The official start date for the 2025 tax season will be announced by the IRS.
2. How long does it take to receive a tax refund?
If you file electronically and choose direct deposit, you can usually expect your refund within 21 days. Paper filings and mailed checks may take longer.
3. What factors can delay my tax refund?
Refunds can be delayed due to errors on your return, incomplete information, identity verification requirements, or claiming certain credits such as the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC).
4. How can I track my IRS refund?
You can track your refund status using the IRS “Where’s My Refund?” tool on their website or through the IRS2Go mobile app.
5. What is the fastest way to get my refund?
Filing electronically and selecting direct deposit as your refund method is the quickest way to receive your refund.