- IRS Refunds in 2025
- Who Qualifies for the Refund?
- Tax Burden for Workers
The Internal Revenue Service (IRS) has announced that taxpayers will be eligible to receive refunds of up to $7,830 during the 2025 tax season for the 2024 fiscal year.
This amount is linked to the Earned Income Tax Credit (EITC), a benefit for workers with low or moderate incomes.
The EITC is a federal program designed to reduce the tax burden on workers and provide significant refunds to those who meet certain criteria.
IRS Checks Coming Soon
The Earned Income Tax Credit (EITC) can reduce owed taxes or increase refunds, with amounts ranging from $632 to $7,830 based on family size and income. To qualify in 2025, taxpayers must meet specific IRS criteria:
- Individuals must earn less than $59,899, or $66,819 if filing jointly.
- Applicants must have a valid Social Security number, investment income below $11,600, and be U.S. citizens or permanent residents for the entire year.
- Those filing jointly must not have filed Form 2555 for foreign income.
Refund amounts vary: $632 for no children, $4,213 for one child, $6,960 for two, and $7,830 for three or more. EITC is refundable, meaning taxpayers can receive it even if they owe no taxes.
The IRS will start processing refunds in late January 2025, with most refunds issued by February. Taxpayers should review eligibility requirements carefully and seek assistance if needed.