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If you heard the term tax refund for the first time when the Minister of Finance, Dr. Cassiel Ato Forson, mentioned it, this ...
The IRS has issued more than 29.6 million individual income tax refunds through Feb. 21, up 2.3% from a year ago.
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.
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Through February 2025, the average tax refund was $3,182. That's a 6.3% increase from the same period in 2024.
The Internal Revenue Service (IRS) released data showing that the average tax refund check sent to taxpayers was larger than last year during the first month of tax filing season.