Where's my refund? What to know about tax season 2025 deadlines, filing turnaround

Yahoo

28-01-2025

The IRS began processing tax returns on Monday, marking the official beginning of tax return season.
Most people who file electronically and request a direct deposit will receive their refund within 21 days, meaning the first filers will receive their refund by Valentine's Day.
If you would instead file on a paper copy, paper returns take roughly six to eight weeks to process and often have errors that lead to processing delays.
Now that the IRS is processing returns, here's everything you need to know to receive your return as quickly as possible.
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Taxpayers can expect a tax refund in less than 21 days of filing if there were no errors on their return, according to the IRS.
For the status of your refund, use the "Where's My Refund?" tools at irs.gov/wheres-my-refund for federal tax refunds or the resources available at Oklahoma's Taxpayer Access Point at oktap.tax.ok.gov/oktap/Web/_/.
The earlier you file, the faster you will get your refund money. Filing online as early as possible will lead to the fastest chances of getting your refund.
Waiting until closer to April 15, the national filing deadline can cause some refunds to be processed longer.
How you file your taxes will determine how much money you receive back. The government uses your filing to determine if you paid too much or too little in taxes the previous year.
If you don't have enough withheld, you will owe the difference, but if you have an excess, you will receive the difference.
According to IRS data, taxpayers who owed money on their 2023 returns paid an average of just over $5,200 in 2024. Last year, the average refund topped $3,200.
The average refund for people making up to $10,000 was more than $3,800. For people making up to $200,000, the average refund was just under $600.
How long you wait to receive your tax refund will vary depending on how you filed your Oklahoma taxes, according to estimates from the Oklahoma Tax Commission.
If you file online and choose to receive your refund by direct deposit, you'll receive your tax refund in five to six weeks.
If you file online and choose to receive your refund by debit card, you'll receive your tax refund in six weeks.
If you file by mail and choose to receive your refund by direct deposit, you'll receive your tax refund in ten to 12 weeks.
If you file by mail and choose to receive your refund by debit card, you'll receive your tax refund in 11 to 13 weeks.
Damon C. Williams contributed to this report.
This article originally appeared on Oklahoman: Where's my refund? Here's what to know about filing taxes, tracking