IRS Sending Out $2,065 Tax Refunds This Week – Check Out If You’re Eligible

Tax season has officially begun, and the IRS has already started issuing refunds. According to the latest IRS data, the average tax refund this year is about $2,065. Whether you’re curious about your eligibility, wondering when your payment is coming, or trying to increase your refund, this guide covers everything you need to know.

Average

So why are refunds averaging $2,065? The IRS calculates this amount based on overpaid taxes and refundable credits. If you had too much withheld from your paycheck or qualified for certain credits, you’ll likely receive a refund.

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The actual amount you get depends on a few key factors:

• Your income level
• Your tax filing status
• How much was withheld from your paychecks
• Which tax credits you qualify for

For example, someone who’s single and earns $40,000 a year may get a different refund compared to a married couple with children earning the same amount.

Factors

Several factors influence how much you get back:

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Income Level: If you earn more, you’re less likely to qualify for refundable credits.

Filing Status: Couples filing jointly may receive larger refunds than single filers.

Withholdings: The more you’ve paid in through paycheck deductions, the more you could get back.

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Tax Credits: Claiming credits like the Earned Income Tax Credit (EITC) or Child Tax Credit can make a big difference.

Here’s a simple example: A single parent with two children earning $40,000 annually may qualify for the EITC and could receive a refund exceeding $3,000, depending on other factors.

Maximize

Want to get the most money back? Here are a few tips to help:

• Claim all credits: Don’t overlook the EITC, Child Tax Credit, or Education Credits.
• Itemize deductions: If your deductible expenses are higher than the standard deduction, itemizing might result in a larger refund.
• File electronically: E-filing is faster, more accurate, and safer than mailing paper returns.
• Choose direct deposit: This is the quickest way to receive your refund.

E-filing with direct deposit typically gets your refund to you within 21 days, while paper returns can take several weeks longer.

Track

Wondering when your refund is coming? Here’s how to track it:

1. Wait 24-48 hours after submitting your electronic return.
2. Visit the IRS’s Where’s My Refund? tool on their website.
3. Enter your Social Security number, filing status, and refund amount.
4. Check your refund status, which is updated daily.

Delays

Some refunds are delayed due to common filing errors or extra review steps. Here’s what could hold things up:

• Mistakes on your return: Incorrect Social Security numbers or math errors.
• Credits requiring verification: EITC or Child Tax Credit claims may trigger additional checks.
• Paper returns: These take longer to process.

Mistakes

Avoid these common mistakes that could delay your refund:

• Entering incorrect Social Security numbers
• Making math errors
• Providing the wrong bank info for direct deposit
• Forgetting to sign your paper return

Even a small error can cause the IRS to hold up your refund while they verify your information.

Waiting

If it’s been more than 21 days since you filed and you still haven’t seen your refund, here’s what to do:

• Check your refund status online using the IRS tool
• Double-check your return for mistakes
• Contact the IRS at 1-800-829-1040 if needed

Scams

Tax season is a busy time for scammers. Here’s how to protect yourself:

• The IRS doesn’t email or text about refunds
• Never give out personal info over the phone unless you’re sure who you’re talking to
• Protect your Social Security number to avoid identity theft

If someone contacts you claiming to be from the IRS, hang up and call the official number instead.

Knowing how tax refunds work and staying alert during tax season can help you get your refund faster and avoid costly mistakes. This year’s average refund of $2,065 is a solid incentive to file early, claim your credits, and use direct deposit. And remember, April 15, 2025, is the deadline to file.

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