It’s officially tax season, and Americans can start checking the status of their refunds within 24 hours after an e-filed return is received.
It’s officially tax season, and as millions file their 2024 taxes, refunds will also begin rolling in. Taxpayers can start checking the status of their refunds within 24 hours after an electronically-filed return is received, according to the IRS. Here’s what to know:The IRS opened the 2025 tax filing season on Monday, Jan. 27 and began accepting and processing federal tax year 2024 returns.
"The IRS expects more than 140 million individual tax returns to be filed ahead of the April 15 deadline. Research has found that a significant number of Americans are financially dependent on their tax refunds, with many citing factors like rising costs of living, inflation, and mounting debt. A recent survey from Intuit Credit Karma found that 37% of Americans depend on tax refunds to cover essentials, including 50% of millennials.
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