ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money, Sunday tax edition. Between now and April 15, we'll be briefing some of our most popular stories about Tax Season 2025. |
Today, we'll pose that perennial question, Where's my refund? |
But first, the important political context: President Donald Trump and billionaire aide Elon Musk have targeted the Internal Revenue Service for massive cuts, along with much of the federal government. Observers have warned that the cuts could delay refunds, among other unintended consequences. |
To wit: Recently, the IRS ordered most of its approximately 20,000 customer service employees back to the office, ending a long era of hybrid and remote work. There was just one problem: The agency didn't have enough desks to seat them all. |
Are tax refunds up or down? |
Despite the upheaval, early tax filers are seeing a steady stream of refunds hitting their bank accounts and mailboxes, Susan Tompor reports. |
The average federal income tax refund was $3,453 during the four weeks through Feb. 21. That's up 7.5% from last year's tax season average of $3,213 through Feb. 23, 2024. |
When will I get my refund? |
If you've filed your taxes and expect a refund, when you'll get it depends on how you filed and how you choose to receive your refund. Here are the details. |
Don't be in too much of a hurry |
Many Americans think rushing through their taxes will get them a refund sooner, Medora Lee reports. In most cases, that may be true, but what really works best is doing your taxes right, experts say. |
📰 More stories you shouldn't miss 📰 |
Between now and April 15, The Daily Money will deliver weekly summaries of news, trends and all you need to know about Tax Season 2025. |
Daniel de Visé covers personal finance for USA Today. | | | | The Internal Revenue Service ordered customer service employees back to the office. There was just one problem: not enough desks. | | | | The IRS has issued more than 29.6 million individual income tax refunds through Feb. 21, up 2.3% from a year ago. | | | | Many Americans are counting on their tax refunds to help make ends meet. Here's when you can expect yours. | | | | Be careful rushing through your taxes to get your refund faster. A mistake could bring you an audit instead. Here's how to avoid an audit. | | | | Many people have heard the old advice not to give an interest-free loan to the government, but getting a tax refund isn't always the worst thing. | | | | Scammers are 'relentless,' according to new IRS alert listing the 'Dirty Dozen' tax scams. Bad social media advice triggers trouble with refunds. | | | | Early results from the IRS indicate that 7.7% fewer tax returns were filed in the first two weeks of the 2025 season. Why are some delaying filing? | | | | Tax credits tied to children and dependents are popular, but there are many restrictions. The IRS delays refunds on some credits to thwart fraud. | | | | The bracket you fall into determines what percentage of your benefits will be subject to ordinary income tax. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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