Kim
As of May 2025, the Internal Revenue Service (IRS) has confirmed the next round of direct deposit tax refunds will begin hitting bank accounts between May 22 and May 31.
For eligible taxpayers, the average refund amount is now $3,029, reflecting a 2.5% increase compared to last year’s figures.
This comes as part of the 2025 tax filing season, which saw millions of Americans submit returns by the April 15 deadline, with some granted extensions. If you’ve already filed and opted for direct deposit, your refund could be just days away.
IRS Refund Schedule: May 22–31, 2025
The IRS typically issues refunds within 21 days of receiving an accurate and electronically filed return. Paper filers or those requesting checks may experience longer wait times. Below is a breakdown of refund issuance dates based on filing date:
IRS Refund Payment Schedule (Direct Deposit)
| Filing Date | Expected Refund Date |
|---|---|
| May 1, 2025 | May 22, 2025 |
| May 2, 2025 | May 23, 2025 |
| May 3, 2025 | May 24, 2025 |
| May 4, 2025 | May 25, 2025 |
| May 5, 2025 | May 26, 2025 |
| May 6, 2025 | May 27, 2025 |
| May 7, 2025 | May 28, 2025 |
| May 8, 2025 | May 29, 2025 |
| May 9, 2025 | May 30, 2025 |
| May 10, 2025 | May 31, 2025 |
Note: Bank processing times can vary, often taking up to 5 business days. Don’t panic if your refund doesn’t show immediately.
Why Are Refunds Higher in 2025?
According to IRS filing statistics released May 9, 2025, taxpayers are receiving larger average refunds this year:
- 2025 average refund: $3,029 (up from $2,960 in 2024)
- Total refunds issued: $263.726 billion
- Year-over-year increase in refund value: 2.8%
- Increase in average refund amount: 2.5%
This jump in refund size is attributed to a combination of indexing for inflation, expanded credits, and adjustments in income thresholds.
Who’s Eligible for the $3,029 IRS Direct Deposit?
Most individuals who filed a federal tax return, claimed eligible deductions or credits, and opted for direct deposit will receive a refund if they overpaid taxes or are entitled to refundable credits such as:
- Earned Income Tax Credit (EITC)
- Child Tax Credit (CTC)
- Education credits (American Opportunity or Lifetime Learning Credit)
- Over-withholding from wages
Eligibility Checklist:
| Requirement | Must You Meet It? |
|---|---|
| Filed 2024 federal tax return | Yes |
| E-filed with no errors | Yes |
| Chose direct deposit option | Yes |
| Filed before or by May 10, 2025 | Yes |
| No outstanding tax debts or errors | Yes |
If you haven’t filed yet, you still can—but late penalties may apply. Filing now can help reduce interest and keep you in line for any eligible refund.
What to Do If You Haven’t Received Your Refund Yet
If it’s been more than 21 days since you filed electronically and you still haven’t seen your refund, follow these steps:
- Check “Where’s My Refund” Tool on the IRS website.
- Log in to your IRS Online Account to view notices or errors.
- Confirm your bank information and routing number for direct deposit.
- Call the IRS Help Line if status shows “being processed” for an extended period.
Why Timely Filing Matters
Filing early or on time not only ensures faster payment but also reduces the risk of identity theft and delays. If you’re still waiting, get your 2024 return in as soon as possible to qualify for future payment windows.
The IRS emphasizes that most delays are due to:
- Incomplete or incorrect information
- Claims requiring additional verification
- Paper-filed returns instead of e-filing
The IRS direct deposit payments averaging $3,029 are already on their way for qualified filers, with delivery expected between May 22–31, 2025.
If you’ve filed correctly and opted for direct deposit, you’re likely to be among the millions receiving a bigger refund this year—thanks to a 2.5% increase compared to 2024.
To avoid future delays, ensure you file on time, review for accuracy, and keep your banking and tax details up to date. The IRS filing season may be over, but there’s still time to act and claim what’s yours.
FAQs
Can I still file if I missed the April 15 deadline?
Yes. You can file after the deadline, but late penalties and interest may apply unless you filed an extension.
Why is my refund lower than $3,029?
$3,029 is the average refund. Your amount depends on your personal tax situation, deductions, and credits claimed.
Can I get my refund faster than 21 days?
Yes, if you e-filed, claimed no complex credits, and opted for direct deposit, you may receive it in as little as 8 days.