The IRS officially started accepting income tax returns on January 27, 2025, signaling the beginning of the tax filing season. Many people dread the process of completing their taxes, but a significant number of Americans look forward to receiving their tax refunds. This annual cycle prompts taxpayers to get their financial documents in order, aiming for a swift submission and a speedy refund.
Understanding the Refund Process
One of the most common questions during tax season is, “When will I receive my tax refund?” While it’s difficult to provide a precise answer, especially early in the season, a general estimate can be made. The CPA Practice Advisor team, with their extensive experience spanning over 50 years, offers guidance based on several influencing factors. These factors include the timing of the filing, the complexity of the tax return, and the method of filing (e.g., electronic vs. paper).
Preparing to File Your Taxes
Before you begin the process of filing your taxes, it’s essential to gather all necessary documentation. This includes W-2 forms from employers, 1099 forms if you are self-employed or have other sources of income and documents related to mortgage interest, college tuition, and other significant financial matters. If your financial situation has changed notably over the past year—such as getting married, getting divorced, having a child, retiring, buying or selling property, or owning complicated investments like cryptocurrencies or foreign assets—it is advisable to consult with a tax professional. This will ensure that you comply with tax laws and take advantage of any applicable deductions and credits.
2025 IRS Tax Refund Schedule Chart
The IRS provides a refund schedule that estimates when taxpayers might expect their refunds based on the date their e-filed returns are accepted. Below is a chart representing these estimated refund dates for 2025:
If the IRS Accepts an E-Filed Return By: Direct Deposit Sent (Or Paper Check Mailed one week later)
| If the IRS Accepts an E-Filed Return By: | Direct Deposit Sent (Or Paper Check Mailed one week later) |
|---|---|
| January 27, 2025 | February 7, 2025 (February 14, 2025 for checks) |
| February 3, 2025 | February 14, 2025 (February 21, 2025 for checks) |
| February 10, 2025 | February 21, 2025 (February 28, 2025 for checks) |
| February 17, 2025 | February 28, 2025 (March 7, 2025 for checks) |
| February 24, 2025 | March 7, 2025 (March 14, 2025 for checks) |
| March 3, 2025 | March 14, 2025 (March 21, 2025 for checks) |
| March 10, 2025 | March 21, 2025 (March 28, 2025 for checks) |
| March 17, 2025 | March 28, 2025 (April 4, 2025 for checks) |
| March 24, 2025 | April 4, 2025 (April 11, 2025 for checks) |
| March 31, 2025 | April 11, 2025 (April 18, 2025 for checks) |
| April 7, 2025 | April 18, 2025 (April 25, 2025 for checks) |
| April 14, 2025 | April 25, 2025 (May 2, 2025 for checks) |
| April 21, 2025 | May 2, 2025 (May 9, 2025 for checks) |
| April 28, 2025 | May 9, 2025 (May 16, 2025 for checks) |
| May 5, 2025 | May 16, 2025 (May 23, 2025 for checks) |
| May 12, 2025 | May 23, 2025 (May 30, 2025 for checks) |
| May 19, 2025 | May 30, 2025 (June 6, 2025 for checks) |
What to Do If You Miss the Filing Deadline
If you cannot file your tax return by the standard deadline of April 15, 2025, it is possible to file for an automatic extension. This is done through Form 4868, “Application for Automatic Extension of Time to File U.S. Individual Income Tax Return.” Filing this form extends the deadline to October 15, 2025. No specific reason is needed to obtain this extension. However, if you anticipate owing taxes, you must pay the estimated amount by April 15 to avoid potential penalties and interest. A tax professional can help you navigate these obligations and ensure your taxes are filed correctly and on time.
