$3,330 Tax Refunds Hit Bank Accounts This Week – Are You on the List?

Good news for taxpayers: the IRS has confirmed that the average tax refund issued through direct deposit this year has jumped to $3,330, a noticeable increase from last year’s $3,177.

The increase in average refunds is giving millions of Americans a much-needed financial boost as the April 15 tax deadline approaches. If you’ve already filed your return and chose direct deposit, your payment may already be on the way.

According to the IRS, over $160 billion in refunds have been sent out via direct deposit alone. That figure is expected to climb as more Americans finalize their 2024 tax returns in the coming days.

Who’s Eligible for This Refund?

Not everyone will get the exact average amount, but many will see larger refunds this year based on their income and which credits they qualify for. To be eligible for a refund in this range, here’s what you need:

• File by April 15, 2025 – Late filers could miss out.

• Claim applicable credits – Refunds are often boosted by credits like the Earned Income Tax Credit (EITC) and Child Tax Credit.

• Double-check your info – Errors in your tax return can delay your refund or reduce it.

How to Maximize Your Refund

If you haven’t filed yet, you still have time to make sure you get the biggest refund possible:

• Use e-file – Filing electronically speeds up processing and reduces errors.

• Choose direct deposit – It’s the fastest and safest way to get your money.

• Track your refund – Use the “Where’s My Refund?” tool on IRS.gov or download the IRS2Go app to stay updated.

Still Haven’t Filed for 2021? You Might Be Leaving Money Behind

Here’s a surprising fact: over 1.1 million people never claimed their refunds from 2021. The IRS is giving taxpayers until April 15, 2025, to file a late return for that year. You could be owed hundreds—or even thousands—if you missed that window.

Some Americans may also be eligible to retroactively claim the 2021 Recovery Rebate Credit, which could add up to $1,400 to your refund. If you didn’t get your full stimulus payment back then, this could be your chance.

Final Reminder: Don’t Miss Out

Whether you’re expecting the full $3,330 or something smaller, the key is filing on time and making sure your return is accurate. With inflation still putting pressure on wallets, this year’s bigger refunds are a welcome relief.

If you haven’t filed yet—now’s the time.