[Trending News] The average IRS tax refund is more than 32% lower so far this season, early filing data shows. Here's why

The average tax refund this year is 32.4% lower than it was at around the same point in the filing season in 2024, according to early filing data from the IRS. 

Tax season opened Jan. 27, and the average refund amount was $2,169 as of Feb. 14, down from $3,207 about one year prior, the IRS reported Friday. That figure reflects current-year refunds only.

However, the Feb. 14 filing data doesn’t include refunds receiving the earned income tax credit or additional child tax credit, which aren’t issued before mid-February, the IRS noted. The previous year’s filing data included tax returns claiming these credits. The value of these tax breaks can be substantial, even resulting in five-figure refunds, in some cases.

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Typically, you can expect a refund when you overpay taxes throughout the year via paycheck withholdings or quarterly estimated payments. By comparison, there’s generally a tax bill when you haven’t paid enough.

Although the average refund is currently smaller, “historically, filing season numbers even out as more tax returns come in,” according to the agency.

As of Feb. 14, the IRS received roughly 33 million individual tax returns of the more than 140 million it expects before the April 15 deadline.

As of Dec. 27, 2024, the average tax refund for the 2024 season was $3,138, compared with $3,167 in late December 2023. 

The latest filing statistics come amid mass layoffs at the agency as Elon Musk’s so-called Department of Government Efficiency, or DOGE, continues to cull the federal workforce. 

It’s unclear exactly how the staffing reduction could affect future taxpayer service. But experts recommend double-checking returns for accuracy to avoid extra touch points with the agency.

“Don’t call the IRS looking for your refund,” said Tom O’Saben, an enrolled agent and director of tax content and government relations at the National Association of Tax Professionals. 

You can check the status of your refund via the agency’s “Where’s My Refund?” tool or the IRS2Go app, which is “available 24 hours a day,” O’Saben said.

Typically, the IRS issues refunds within 21 days of its receipt of a tax return. But some returns require “additional review,” which can extend the timeline, according to the agency.