The specialized site Tax Layer explains that the IRS works on a set schedule to send out refunds. Electronic returns, for example, are processed much faster than those sent in paper form.

An IRS cycle code is an 8-digit number found on your IRS tax transcript, representing when a certain tax activity is input into the IRS Master File.This could be your refund date, but also could ...

According to the most recent IRS report, over $211 billion has been refunded this cycle so far—a 5% increase over last year. On an individual basis, the average direct deposit refund amount is $ ...

- Taxpayers requesting an extension by April 15, 2025, have until October 15, 2025, to file. However, if they file in April after the deadline with a refund due, processing begins upon receipt, ...

And even if your tax refund is the only deposit you make, you'll have a nest egg that puts you one step closer to escaping the paycheck-to-paycheck cycle.