Well, if you are in the USA and pay your taxes, this is potentially good news for you. The IRS, the American Tax Body, stated that between March 24 and March 30, 2025, certain selected individuals will be receiving an average direct deposit refund of $3,330; however, only a select few qualifying individuals will receive this money. The tax season for 2025 is still underway, and the IRS has some news to share, so let me break everything down for you in layman’s terms – How much will they get to receive, When will they receive it, and What do they need to do to get it?
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What happened during the tax season for 2025?
The IRS reported through March 14, 2025, that more than 70 million Americans had filed their tax returns thus far. This is a pretty high number, but it’s a 1.7% decline over last year; that is, in 2024. So comparatively, fewer people have paid taxes this year. Return filers can rejoice, however, because the IRS has already refunded over $162.992 billion; this represents an increase of 6.7% over this time last year, as of March 15, 2025. Of that amount, $160.919 billion went to the bank accounts of individuals by direct deposit, representing a 6.8% growth over 2024. It means that people are getting more money in this lower tax payment scenario.
What is the average?
Now comes the question of how much refund is given to the recipients. As to IRS, the average refund paid by direct deposit as of March 14, 2025, is $3,330, which is now 4.8% more as compared to the last year. The entire refund of the 2025 tax season stands at $3,271 on average, which is 5.2% more than 2024. It’s some relief for the citizens because the air now is thick with inflation and ever-rising price of goods. Increased refunds mean better opportunities for people and a little bit more money to use.
Still, certain things have gone down but are not in connection with the payments. For example, fewer people visited IRS.government, and lesser utilized tax professionals were around. People seem to be more inclined to fill the forms with their own efforts.
Refund dates for direct deposits
Let us now discuss the dates of when the money will be in your account. If you have filed your 2024 tax return and are busy wondering about the money withdrawal, then have a look at this information. The IRS mentioned some conditions. If the answer to the following three questions is yes, then you will be getting a refund in less than 21 days:
Have you filed your tax return online?
Have you asked for a refund through direct deposit?
Have you filed the return correctly and completely?
It can come a lot quicker than that, but it can also be delayed for more than 21 days if the IRS requires additional digging into your return. Use the “Where’s My Refund?” tool on the IRS website to determine the right date.
IRS has prepared a schedule and it is as follows:
- Return filing on Par 3; direct deposit on March 24.
- Return filing on March 4; direct deposit on March 25.
- Return filing on March 5; direct deposit on March 26.
- Return filing on March 6; direct deposit on March 27.
- Return filing on March 7; refund deposit on March 28.
- Return filing on March 8; deposit through refund on March 29.
- Return filing on March 9; deposit through refund on March 30.
Therefore, if you submitted your return on one of these dates, your funds were likely received between March 24 and March 30.
Under what circumstances would you get a refund?
So who are these people who get this “average” refund of $3,330? The IRS is quite specific, that this money shall go only to certain individuals who satisfy certain conditions. This money is meant for those who have filed their 2024 return. Besides, this return has to be filed electronically and correctly. In addition to that, the option of direct deposit must be selected. If any one of these things goes wrong, the refund may be delayed. So be very careful when you file the return and enter all the information correctly.
What was the cause for the increase in refund amounts?
One very important aspect to understand is why this year’s refund amounts became so much larger than in previous years. Inflation has played an important role in the USA for the last few years. Everything, from food to house rent, has become so expensive. Therefore, as some sort of relief to the people, the IRS increased this amount of refunds. The mean refund amount of $3,271 is 5.2% higher than last year, and $3,330 comes in at a direct deposit increase of 4.8% compared to last year. This increase is very useful for those who lead lives doing everyday things.
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Not yet filed your return? What action must be taken?
So hurry up and file your 2024 tax return if you haven’t filed your return yet. Filing tax returns online is the fastest way. Enter your bank account details so that the money comes through direct deposit. The sooner you file, the sooner you will get your refund. So, with the end of March gone, you could cash in by April.
Conclusion
So, guys, that was all about the average direct deposit refund of $3,330. Money will be given to those who fulfill IRS conditions for the period March 24 to 30, 2025. Increased refund amounts for 2025 are somewhat redeeming in this age of inflation. File it online, opt for direct deposit, and check your date with the “Where’s My Refund?” tool. This money will make things a bit easier, so hurry up, and do not miss the chance!