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Although US earnings taxes aren’t due for an additional month, tens of millions of taxpayers have already acquired their 2024 tax refunds. On Friday, the IRS stated it has processed over 60 million returns and issued 43 million refunds.
Through the sixth week of the 2024 tax season, the common refund quantity had risen by roughly 5.7% in comparison with 2023’s season. Read on for a breakdown of how the IRS is performing this season.
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How many tax returns has the IRS processed thus far in 2025?
On Friday, the IRS launched statistics evaluating its progress by means of the sixth week of tax season 2024 (ending March 8, 2024) with its progress by means of the sixth week of 2025 (ending March 7, 2025). So far this 12 months, the IRS has processed 60.7 million federal earnings tax returns, down 1.8% from the 61.8 million returns it had processed by the identical time final 12 months.
The IRS has additionally acquired greater than 61.4 million tax returns complete thus far, in contrast with 62.7 million final 12 months, marking a 2.1% lower.
The company additionally breaks down how returns have been filed, with 59.8 million returns acquired electronically (29 million filed by tax professionals and 30.8 million self-prepared).
How many tax refunds has the IRS issued in 2025?
The IRS has issued 43.6 million refunds, a 1.5% enhance from the approximate 43 million despatched out at this level in March 2024.
The common tax refund quantity thus far is $3,324, up 5.7% from final 12 months’s common of $3,145 at the moment final 12 months.
How do 2025’s tax refunds evaluate to 2024’s thus far?
Although the IRS has processed 1.8% much less tax returns thus far this 12 months, the company has issued $145 billion in tax refunds, greater than the $133.8 billion in tax refunds the company had issued by this time in March 2024.
The IRS famous that giant share variations in submitting statistics are typical for the start of every tax season. They precisely predicted that the numbers would even out as extra folks collect necessary tax paperwork and file the nearer we get to the April 15 deadline.
