The average tax refund amount is higher than it was last year at this time, according to a batch of data released by the IRS late last week. As of March 7, the IRS says it has paid out 43,647,000 refunds for a total of $145.

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

The layoffs, which have been directed by the so-called Department of Government Efficiency (DOGE), led by billionaire and "special government employee" Elon Musk, have sparked concerns among experts who fear that the IRS won't be able to process Americans' tax refunds as quickly as usual this year.

Taxpayers could fall into plenty of potholes if someone takes a wrong turn when claiming an attractive tax credit for buying an electric vehicle on their 2024 tax return. And they might get into trouble if their dealer didn't correctly report the sale or ran into issues with a new IRS portal.

How many tax returns has the IRS processed so far in 2025? On Friday, the IRS released statistics comparing its progress through the sixth week of tax season 2024 (ending March 8,

If you've already filed your tax return, it's natural to wonder when you'll receive your refund. One of the most common questions is the exact time the IRS makes deposits.