By Matt Durr
mlive.com
(TNS)
The IRS reports the average tax refund in 2025 is up $240 through the week ending Feb. 21. More than 42 million returns have been processed so far with the average refund coming in at $3,453.
That represents a 7.5 percent increase when compared to the same time last year. The average direct deposit refund is coming in at $3,505, an increase of 7.1 percent compared to 2024.
Previously released statistics on 2025 refunds showed the average refund was down significantly. However, those figures did not include taxpayers who claimed the Earned Income Tax Credit (EITC) or the Additional Child Tax Credit (ACTC). A federal law prohibits tax refunds from being issued to taxpayers claiming those credits until mid-February.
With these refunds now included in the data, the average refund amount has skyrocketed. The IRS has issued $102.2 billion in refunds so far this year.
While refunds are up, the number of people who’ve filed already is down compared to 2024. The IRS has received 42.7 million returns in 2025, down 4.2 percent compared to this time last year.
Even with the number of returns not keeping pace with 2024, the total number of refunds issued so far (29.6 million) is up 2.3 percent.
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©2025 Advance Local Media LLC. Visit mlive.com. Distributed by Tribune Content Agency LLC.
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FREDERICK L JETER March 5 2025 at 6:39 pm
YES WELL I"VE A QUESTION ABOUT WHEN MY TAXES IS COMIENG BACK 1999 AN 2023