Check Your Bank Account Before Sunday — IRS Sending Average Refund of $2,939
Author: Sarah I. | Date: May 29, 2025 | Category: Economy
With the 2024/2025 tax season officially wrapped up, many taxpayers across the U.S. are now eagerly anticipating their federal income tax refunds. According to the IRS, the average refund this year is $2,939 — a modest yet welcome financial boost for millions of Americans.
Why Are Refunds Issued After Filing?
Most workers have federal taxes withheld from each paycheck. At year’s end, when filing their return, the IRS calculates how much you owed versus how much you paid. If you overpaid, you’re entitled to a refund. This is why even if taxes are deducted automatically, it’s essential to file your annual return.
In addition to overpayments, tax credits such as the Child Tax Credit and Additional Child Tax Credit also play a key role. These credits can reduce your total tax liability — and some may even be refundable, leading to higher refunds.
When Will Refunds Be Delivered?
If your tax return was filed by mail and you chose a mailed check as your refund method, you may receive your check by the end of this week. However, mailed submissions often take longer — typically up to two months from the date of filing.
If you filed near the April 15 deadline and used traditional mailing methods, the IRS estimates your refund could arrive by mid-June. You can track your refund using the IRS's official “Where’s My Refund?” tool.
Why Might Your Refund Be Delayed or Withheld?
Several factors can cause a delay in refund processing, including:
- Unpaid state or federal taxes
- Outstanding child support
- Defaulted student loans
If you’re expecting a refund and haven’t received it yet, it’s important to contact the IRS directly. Open communication is key when resolving issues related to tax filings, refunds, and credits.
Final Reminder
If you haven’t filed your taxes yet, do so immediately to avoid additional penalties. For those waiting on a refund, keep a close eye on your mailbox or bank account — that extra $2,939 could be arriving any day now.
