A tax refund is a reimbursement to taxpayers who have overpaid their income taxes, and so the government sends the money back. If taxpayers receive a large refund, they may well b

While the Internal Revenue Service began accepting returns late last month, it still might be too early to expect a refund in your bank account. Luckily, you can track the status of your refund through the IRS’s “Where’s My Refund” tool.

The IRS released its first report on 2025 tax season statistics. While fewer returns have been processed, the average refund is almost 40% bigger.