Reasons to Expect a Larger Tax Refund in 2025: Now that tax season has arrived, many Americans can receive a bigger refund from the IRS.

It’s critical to comprehend the tax changes that may affect your refund as you compile your W-2s, 1099s, and other documentation for your 2024 tax return.

Why 2025 tax refunds might be larger

The IRS modifies the standard deduction and tax brackets annually to reflect inflation. More of your income might be exempt from taxes as a result of these changes, which might increase your refund.

The standard deduction has gone raised for the 2024 tax year (filed in 2025):

• For single taxpayers, the standard deduction has increased by $750 from the prior year to $14,600.
• Married couples filing jointly: The deduction is now $29,200, which is $1,500 more than it was in 2023.
• Depending on their tax bracket, many taxpayers may get an additional $300 to $400 in their refund check as a result of these hikes.

Considering the future

The government may implement more tax modifications for the 2025 tax year (which will be submitted in 2026) as 2025 progresses. Planning ahead and maximizing credits or deductions can be achieved by keeping an eye on prospective changes to tax laws.

How much time does it take to receive a refund for taxes?

According to the IRS, as long as there are no mistakes or extra verifications required, the majority of electronically filed tax returns are processed in 21 days.

On the other hand, longer delays—typically four to six weeks or longer—may be encountered by those who file a paper return.

How to monitor your reimbursement

The IRS.gov “Where’s My Refund?” service allows you to see the status of your return. The tool offers three phases of refund status and is updated once every day:

• Return Received: Your tax return has been received and is currently being processed by the IRS.
• Refund Authorized: Your reimbursement has been authorized and is being prepared for mailing or deposit.
• Refund Sent: Your refund has been sent by the IRS by check or direct deposit.

To find out the status of your refund, you’ll need:

• Your ITIN, or Social Security number
• The status of your file
• The precise amount of your tax return refund

With these tax adjustments, many filers may benefit from a larger refund this year. Reasons to expect a larger tax refund include the increased standard deduction, inflation adjustments to tax brackets, and potential tax credits. Be sure to file early and accurately to receive your refund as soon as possible.