While the Internal Revenue Service began accepting returns late last month, it still might be too early to expect a refund in your bank account. Luckily, you can track the status of your refund through the IRS’s “Where’s My Refund” tool.

A tax refund is a reimbursement to taxpayers who have overpaid their income taxes, and so the government sends the money back. If taxpayers receive a large refund, they may well be having too much withheld from their paychecks by employers.

As the 2025 tax season unfolds, many Americans are eagerly anticipating their IRS tax refunds. While some have already received their payments, others are still waiting.