The IRS estimates that more than $1 billion in refunds remain unclaimed by taxpayers who have not filed their Form 1040.

Millions of Americans have already filed their federal income tax returns and many are eagerly awaiting their refunds. The Internal Revenue Service is remi

The IRS said the average refund amount has increased by 7.5% this year, going from $3,213 in 2024 to $3,453 so far in 2025. The average direct deposit refund was also up by 7.1% from last year – at an average of $3,505. The IRS began accepting tax returns on January 27, 2025.