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IRS Gives Tax Refund Update as Over $100B Returned

According to the latest data from the IRS, $102.253 billion has been refunded to taxpayers so far this filing season, which began on January 27. The amount taxpayers are getting has increased too. The average refund amount has increased from $3,213 in 2024 to $3,453—a boost of $240.

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Average tax refunds so far in 2025 are up 7.5% but IRS still receiving fewer early returns

The IRS has issued more than 29.6 million individual income tax refunds through Feb. 21, up 2.3% from a year ago.

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Expecting a Tax Refund? Here's Why You Should Save It, Says This Expert

In a high-yield savings account, you'll also earn interest on your tax refund, even if it's the only financial contribution you make all year. While annual percentage yields vary depending on the bank, you'll still earn more interest than with a traditional savings account that only pays pennies on your balance.

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Where is my refund? Is my payment delayed? Here's how to check your IRS refund status

With approximately 90,000 full-time employees, the IRS stands to lose about 17 percent of its workforce with these projected ...

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Tax Refunds Could Be Bigger This Year. Here's How Many Plan to Spend Their Money

Americans may be planning to use their tax refunds on used cars and shoes, according to new research. But more could decide to spend it on necessities like rent or groceries, too.

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EdFed Money Tips: How to Make the Most of Your Tax Refund in 2025

Tax season is here, and for many, the anticipation of receiving a tax refund can provide a much-needed financial boost. In 2024, the IRS issued over $245 billion in refunds to more than 86 million ...