Starting July 1, 2025, the Internal Revenue Service (IRS) will continue issuing direct deposits averaging over $3,000 to eligible taxpayers who filed their 2024 tax returns electronically.
While most refunds are processed within 21 days, some early filers could see payments as soon as 10 days after filing.
The average tax refund for 2025 stands at $2,939, up 2.4% from 2024. For those receiving payments via direct deposit, the average refund increases to $3,034, representing a 2.5% rise compared to last year.
IRS Direct Deposit Timeline: July 1–10 Schedule
For taxpayers who filed their returns with complete, accurate information and opted for direct deposit, the IRS may issue refunds within 10 days. Below is the expected refund schedule for electronic filers:
| Date Tax Return Was Filed | Estimated Direct Deposit Date |
|---|---|
| June 21, 2025 | July 1, 2025 |
| June 22, 2025 | July 2, 2025 |
| June 23, 2025 | July 3, 2025 |
| June 24, 2025 | July 4, 2025 |
| June 25, 2025 | July 5, 2025 |
| June 26, 2025 | July 6, 2025 |
| June 27, 2025 | July 7, 2025 |
| June 28, 2025 | July 8, 2025 |
| June 29, 2025 | July 9, 2025 |
| June 30, 2025 | July 10, 2025 |
These dates apply to taxpayers who submitted accurate tax returns electronically and selected direct deposit as the refund method.
IRS Refund Payments Within 21 Days
While some taxpayers may receive their refunds faster, the standard IRS processing window is still within 21 days of filing. For instance, if you submitted your return on June 10, 2025, the IRS could issue your refund by July 1, 2025.
However, it’s important to note that while the IRS may issue the refund promptly, bank processing times can delay access to funds by a few days. If your status says “sent”, it’s recommended to wait at least 5 business days before contacting your bank or the IRS.
Reasons for Delayed Refunds
Several factors can lead to refund delays, including:
- Manual reviews due to errors or incomplete data
- Filing paper returns instead of e-filing
- Inclusion of additional tax credits that require further verification
- Identity verification holds
- Mismatched income or bank account details
If your return was selected for review, the IRS may request additional documents before issuing a refund.
Who Is Eligible for These Refunds?
Taxpayers who filed their 2024 tax returns and meet the following criteria may be eligible:
- Filed electronically with accurate information
- Opted for direct deposit
- Filed before the April 15, 2025 deadline or had an approved extension
- Are due a refund based on overpaid taxes or qualifying tax credits such as the Earned Income Tax Credit (EITC) or Child Tax Credit (CTC)
- Were granted tax relief due to natural disasters or other qualifying events
How to Track Your Refund
To check your refund status, use the “Where’s My Refund?” tool available on the IRS website. You will need:
- Your Social Security Number (SSN) or ITIN
- Filing status (Single, Married Filing Jointly, etc.)
- Exact refund amount claimed on your return
This tool is updated daily, and most statuses are available 24 hours after e-filing.
What to Do If You Haven’t Received Your Refund
If you’ve received confirmation that your refund was sent but haven’t seen the deposit:
- Wait 5 business days after the issue date
- Check with your bank for pending deposits
- Ensure your bank account information was accurate
- If still unresolved, contact the IRS Refund Hotline
The IRS has begun issuing average direct deposit refunds of over $3,000 between July 1 and July 10, 2025. Eligible taxpayers who filed accurately and electronically will likely benefit from quicker payments. Staying informed and using official tools helps track payments and resolve issues if delays occur.
FAQs
How soon will I receive my IRS direct deposit refund in July 2025?
If you filed electronically with correct details, you could receive your refund within 10–21 days, depending on your filing date.
What is the average IRS refund amount for 2025?
The average refund for 2025 is $2,939, and for direct deposit recipients, it increases to $3,034.
What tool can I use to track my IRS refund?
Use the “Where’s My Refund?” tool available on the IRS website to monitor refund status after filing.