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Newsweek
02-06-2025
- Business
- Newsweek
IRS Tax Refund Timeline: June 2025 Schedule
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Millions of Americans are anticipating their 2025 federal tax refunds, and throughout June the Internal Revenue Service (IRS) will be reviewing and handing out payments via direct deposits and mailed checks. Why It Matters Despite budget constraints and potential processing delays, most taxpayers who filed in May should receive their refunds in June—particularly if they filed electronically and opted for direct deposit. The IRS began processing refunds after the April tax deadline. With an average refund hovering around $2,950, this annual injection of funds can be significant for many households. However, the actual arrival date of a refund depends heavily on how and when the return was submitted. When Will Tax Refunds Arrive? The IRS has laid out specific refund timelines depending on the filing date and method. Taxpayers who submitted returns electronically with the option of direct deposit between May 1 and May 15 can expect their refunds to arrive from May 22 up to June 4. If those returns were filed electronically but opted for a mailed check, refunds were expected to arrive between May 29 and June 11. For paper filers in this window, refunds may arrive as late as July 10. Those who filed between May 16 and May 31 can anticipate their refunds between June 6 and June 19 for direct deposits, June 13 and June 26 for mailed checks, and July 11 to July 25 for paper filings. The IRS encourages all taxpayers to use its Where's My Refund? online portal to track their payment status. This tool provides updates on whether a return has been received, approved, or sent. File photo of the Internal Revenue Service headquarters in Washington D.C. File photo of the Internal Revenue Service headquarters in Washington D.C. J. David Ake/AP How Much is the Average Refund? The average refund amount for 2025 is approximately $2,939. That figure is slightly higher than last year's average amount of $2,869, though individual refunds vary based on earnings, withholding, tax credits, and deductions. Those eligible for refunds are generally taxpayers who overpaid their 2024 tax liabilities. It represents the excess amount withheld or paid during the year compared to what was owed. However, errors in tax filings, missing documents, or incomplete forms can delay processing. The IRS's reduced staffing and budget are also contributing to longer wait times—especially for paper returns, which require manual review. The IRS recommends that taxpayers ensure all documents are complete, accurate, and that direct deposit information is correct to minimize delays. Tracking and Delays The filing method continues to be a major factor in refund speed. E-filing with direct deposit is the fastest method and is typically processed within 21 days, barring issues. Meanwhile, paper filers must account for potential delays of several additional weeks, particularly if their return requires manual correction or verification. Taxpayers with questions about their refund status or experiencing a delay beyond the standard processing window are advised to use the IRS's online tracking tool or contact the IRS directly if the refund has not arrived after 21 days from e-filing, or six weeks from mailing a paper return. As a reminder, the IRS began accepting individual returns in January, and the deadline for most taxpayers was April 15, 2025. Those who filed for an extension have until October 15, 2025, to submit their returns, though payment was still due by the April deadline. With these expectations in place, many Americans should see their 2025 refunds arrive before the end of June, provided all submission details were in order.
Newsweek
23-05-2025
- Business
- Newsweek
IRS Issues Tax Deadline Reminder To Millions
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The Internal Revenue Service (IRS) has issued a reminder to millions of U.S. taxpayers living and working abroad to file their 2024 federal income tax returns and pay any taxes due by June 16. The extension applies to U.S. citizens and resident aliens outside the country, including dual citizens, offering them a two-month grace period after the regular April 15 deadline. Why It Matters All U.S. taxpayers, regardless of where they live, must report worldwide income to the IRS. That includes wages, interest, dividends and income from foreign sources. Accurate and timely filing is required to avoid interest, penalties, and the risk of missing out on available tax credits such as the foreign earned income exclusion. File photo: the Internal Revenue Service Headquarters (IRS) building is seen in Washington. File photo: the Internal Revenue Service Headquarters (IRS) building is seen in Washington. J. David Ake/AP What To Know U.S. citizens or resident aliens whose residence and main place of business or post of duty is outside the U.S. and Puerto Rico, as well as members of the military on duty abroad, qualify for the automatic two-month extension—shifting their filing deadline from April 15 to June 16, 2025. Taxpayers unable to file by June 16 can request an additional extension to October 15, 2025. This extension is limited to filing—not to payment. Interest will accrue on any unpaid taxes starting from April 15, 2025. Electronic extension requests can be submitted through IRS systems, and Form 4868 is available for those unable to file online. Businesses should use Form 7004 for extensions, and can get a six-month extension. The fastest payment options include IRS Online Account, IRS Direct Pay, and the Electronic Federal Tax Payment System (EFTPS). U.S. taxpayers without a domestic bank account can transfer payments directly to the IRS. Debit and credit cards, as well as digital wallets, are also accepted and may include service fees. Individuals affected by the ongoing conflict in Israel, or with residences or businesses in Israel, Gaza, or the West Bank, have their federal filing and payment deadline extended to September 30, 2025. Military personnel on duty in combat zones may also qualify for automatic extensions. Taxpayers with foreign financial accounts holding more than $10,000 at any point during 2024 must submit Form 114 (FBAR) electronically to the Treasury Department's Financial Crimes Enforcement Network. The initial deadline was April 15, 2025, with an automatic extension to October 15, 2025, for those who missed the first date. What People Are Saying Jay A. Soled, professor and chair of the Department of Accounting and Information Systems at Rutgers Business School, New Jersey, previously told Newsweek: "Even with the tax-filing extension, interest will apply to any 2024 tax payments received after April 15. This means that unpaid tax-year 2024 tax balances will begin accruing interest, currently at the rate of seven percent per year, compounded daily, after April 15, 2025." Commenting on why individuals working and living abroad have a two-month filing extension, Soled said it was "undoubtedly a relic of a bygone era when it was difficult for those living overseas to receive third-party information returns." He added that "in light of current technological developments, Congress would be wise to eliminate this exception." Richard D. Pomp, professor of law at the UConn Law School, Connecticut, previously told Newsweek, while discussing why individuals working and living abroad have a two-month filing extension: "The extension is a very old rule that predates the digital economy. Correspondence in those early days took place by mail and the time it took for mail to go back and forth across the ocean could lead to delays that taxpayers living in the country did not experience. In the digital economy, things are far more efficient and the rule is probably unduly generous." He added: "We are currently living through a total state of chaos at the IRS. Whenever possible, taxpayers abroad should file electronically and verify with screen shots and saved files, and copies of all documentation. What Happens Next U.S. taxpayers abroad have until June 16, 2025, to file their returns and pay taxes due for 2024, with eligible individuals able to seek additional extensions or payment arrangements if they are unable to meet this deadline. Taxpayers affected by the Israel-Hamas conflict or stationed in combat zones should review specific guidance and utilize all available IRS resources for support.
Yahoo
10-02-2025
- Entertainment
- Yahoo
Trump Says He's Installing Himself as Kennedy Center Chairman Because Of... Drag Shows?
All products featured on them. are independently selected by them. editors. However, when you buy something through our retail links, Condé Nast may earn an affiliate commission. J. David Ake/AP Photo President Donald Trump says he has appointed himself as the chairman of the board of trustees of the John F. Kennedy Center for the Performing Arts in what seems to be a reaction to programming last year at the national cultural center featuring drag. Trump posted to Truth Social on February 7 sharing the decision, saying he would also 'immediately terminate multiple individuals from the Board of Trustees, including the Chairman, who do not share our Vision for a Golden Age in Arts and Culture.' 'Just last year, the Kennedy Center featured Drag Shows specifically targeting our youth — THIS WILL STOP,' the president went on to say. 'The Kennedy Center is an American Jewel, and must reflect the brightest STARS on its stage from all across our Nation. For the Kennedy Center, THE BEST IS YET TO COME!' Last year, the Kennedy Center hosted events such as Broadway Drag Brunch, Dancing Queens Drag Brunch, and A Drag Salute to Divas. The cultural center appears to have also hosted an event called Dragtastic Dress-Up, featuring a drag story hour, but these pages are no longer available on the Kennedy Center's website. In a statement issued Friday, the Kennedy Center said that while it was 'aware' of Trump's Truth social post, it had not yet received any 'official communications from the White House regarding changes to our board of trustees,' though it did confirm that some board members had 'received termination notices from the administration.' It's unclear which board members have received such notices. The statement also noted that while Trump's actions to replace the board are technically permissible, 'this would be the first time such action has been taken with the Kennedy Center's board.' Board Chairman David Rubenstein, who was appointed as chairman of the Kennedy Center's Board of Trustees in 2010 and was set to retire at the end of the year, declined to comment to Washington, D.C. CBS affiliate WUSA9. Over the past several years, the American right has been raising a moral panic over drag, particularly drag events that involve interactions with children, such as Drag Queen Story Hour. "This is about who gets to exist in public spaces and whose stories get to be told on America's stage," Blaq Dinamyte, president of Qommittee, a national network of drag artists, said in a statement, The Advocate reports. "Banning an entire art form is censorship, plain and simple. Americans don't have to agree on everything, but we should be able to speak our minds and perform our art without bans, retaliation, or intimidation." 'We applaud the Kennedy Center staff and board who have recognized that over the years and thank them for providing a space in the Nation's Capital where all people can be themselves." Get the best of what's queer. Sign up for Them's weekly newsletter here. Originally Appeared on them.
