Senator Rick Scott, R-Flat.
New data from Internal Revenue Service (IRS) It shows that the average tax repayment that US taxpayers received in the 2024 taxpayer has so far been higher than those paid a year ago.
IRS data by February 28, 2025, show that the average tax return The amount of tax returns submitted by that date was $ 3,382. That is about 6.3% higher than the average return of 3,182 USD by 1 March 2024.
The data also showed that the total number of collection and amount returned to taxpayers so far is exceeded last year.
By February 28, the total number of collection issued increased by 1.7% from last year to just over 36.9 million issued to date in the 2024 tax season. The total returned so far has increased, with $ 124.8 billion returned – which is 8.1% last year.
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The Internal Revenue Service (IRS) reported that the average tax return were higher than a year ago during the first month of the submission season. (Kayla Bartkovski / Getty Pictures) / Getty Pictures)
The vast majority of taxpayers receive feedback through Direct deposit – Of the issued return of 36.9 million, over 36.1 million or approximately 98%, they were paid through direct deposit.
The total number of direct return to deposits was also increased by 2.2% a year ago, while the total returned by almost $ 10 billion, or 8.2% to $ 124 billion by February 28.
The average tax return issued by direct deposit also increased in size a year ago, which rose from $ 3,244 at this stage of last year’s submission season to $ 3,436 this year – an increase of 5.9%.
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The IRS issues a tax return when taxpayers pay more than they owe during the year. (Tasos Katopodis / Getty Images) / Getty Images)
The IRS issues a refund to taxpayers who have paid more in taxes than they owe.
Collection can be issued by direct deposit in an account for checking, saving or pension – including by dividing into even three different accounts.
IRS can also send paper checks to taxpayers, while other options include prepaid debit cards, some payment applications for mobile phones or deposit in AN an individual retirement account (IRA).
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The IRS can send taxpayer tax returns that refuse to use direct deposit. (Istock / iStock)
Taxpayers who were expecting a direct return of deposits but received paper checking may have received the paper check because direct deposit accounting is not under their name, their spouse’s name or joint account; Because Financial institution rejected direct deposit; or more than three electronic payment were requested for one account.
Taxpayers can check the status of their tax return using the IRS “Where is my refund” to see the status of their return. The information comes about 24 hours after the taxpayer submits a refund to the current year, or 4 weeks after they submit a refund. Returning to the previous year takes about 3 or 4 days to appear in the system.
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The IRS updates where my collection tool is once a day overnight and is generally unavailable every morning between 4 and 5am as the updates are processed.
To use where my collection tool is, taxpayers need Social Security or the individual number of the taxpayer’s ID card, their submission status and the correct amount of their return.
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