What Day of the Week are Tax Refunds Deposited?

In the United States filing your federal tax returns can be a cumbersome task. Many compliances, rules, and tax norms need to be followed. Moreover, you can also get benefits and deductions as per your income range. But have you wondered? What day of the week are Tax refunds deposited? 

 

Generally, your tax refunds are only deposited after you have completed the process of filing your tax returns. The IRS deposits the refunds on weekdays and the direct deposit method is the fastest way to get your refunds. Did you know? As per the CNBC report, the IRS website shows 32.4% as the average tax refund amount for the year 2024. The average tax amount was somewhere around $ 2169 (Feb 2024 figures). 

In this article, we will find out what time of day the IRS deposits refunds and what day of the week are Tax refunds deposited. 

Return/Refund Category	2024	2025	% Change
Total returns received	25,553,000	23,589,000	-7.7
Total returns processed	25,443,000	23,515,000	-7.6
Total e-filing returns received (may not equal subtotals due to rounding)	24,989,000	23,134,000	-7.4
E-filing returns received from tax professional	9,420,000	8,700,000	-7.6
E-filing returns received from self-prepared	15,570,000	14,434,000	-7.3
Web usage, IRS.gov visits	158,617,000	93,763,000	-40.9
Total number of refunds	7,483,000	8,054,000	7.6
Average refund amount	$1,741	$2,065	18.6
Total number of direct deposit refunds	7,417,000	8,052,000	8.6
Average direct deposit refund amount	$1,831	$2,165	18.2

Tax filing returns & refund statistics for the years 2024 and 2025. Source: Internal Revenue Service (IRS).

What Day of the Week are Tax Refunds Deposited?

The IRS processes or initiates the tax refunds on weekdays. The refund takes up to 21 days to get deposited or reflected in your account. The tax refunds are processed from Monday through Friday. The fastest way to get your refunds is by filing your tax returns electronically and choosing the direct deposit method. 

Monday through Friday are the typical days when the IRS initiates refunds. 

What are the Tax Refund Methods?

There are majorly two refund methods used by the IRS. here are those methods:

1. Direct Deposit Method

The direct deposit method is the fastest way to receive your refunds. If you are choosing the direct deposit method, you can expect the IRS to take up to 21 days to transfer the refund into your account. 

2. Paper Check Method

The paper check method generally takes time anywhere between 4 to 6 weeks. Individuals who do not have a bank account can opt for this method. The paper check will be mailed to you by the IRS.

The next time you stumble upon the question, what time does the IRS update the refund status? You should keep in mind that for an electronic refund, it is 21 days, and paper check method can take 6 weeks. 

How Can I Track & Know my Tax Refund Status?

The IRS has a dedicated tracking system to track down your refund status. You can find the Where is My Refund Tool on the IRS website.

 

Your refund status will start showing and appearing on the IRS web portal after 24 hours of e-filing your returns. It will take 4 weeks if you file paper returns. 

What Information is Needed to Know My Tax Refund Status?

• First, you will need to have your Individual Taxpayer ID Number (ITIN) or Social Security information. 
• You will need to know the exact refund amount on your tax filing return. 
• Your tax return filing status. 

Knowing this information can clear your doubt about what day of the week are tax refunds deposited. If you are looking for a tax service provider, you can try the Sagenext Tax Hosting Software. 

Concluding Lines

If you are still wondering, what day of the week are tax refunds deposited? The IRS initiates tax refund deposits from Monday to Friday. Opting for electronic return filing and direct deposit is the fastest way to receive refunds. It generally takes up to 21 days to get the refund into your bank account once the IRS receives your return. 

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FAQs (Frequently Asked Questions)

What day of the week are tax refunds deposited?

Tax refunds are deposited from Monday to Friday by the IRS. 

In how many days will I get my refund?

You will get your refund in 21 days if you choose direct deposit. If you choose a paper check, then it will take up to 6 weeks. 

Why did I not get my refund?

There may be a few problems like return filing errors, incomplete returns, and identity mismatches.