a close up of a typewriter with a tax return sign on it
Tax-filing season is officially underway, and folks here in Oklahoma and across the U.S. have until April 15 to file their federal income tax returns. While filing taxes isn’t anyone’s favorite task, there’s some good news this year: refunds are expected to be noticeably bigger for many households.
The Internal Revenue Service (IRS) reported that the average refund last year was $3,167. But according to the U.S. Treasury, refunds this year are projected to increase by an average of $1,000 per household, assuming your financial or family situation hasn’t changed much since 2024.
Why Refunds Are Growing
There are two main reasons for the increase. First, Congress passed new and expanded tax breaks that apply to the 2025 tax year. Second, most folks didn’t adjust their paycheck withholding last year to account for these changes, meaning they likely paid more in taxes throughout the year than necessary.
For many, this could mean a little extra breathing room in their budgets as refunds roll in. If you’re expecting a refund, it’s a good time to think about how you’ll use it—whether that’s paying down debt, saving for a rainy day, or tackling some home improvements.
Filing Tips for Oklahomans
To make the process smoother, the IRS recommends filing electronically and choosing direct deposit for refunds. If you’re filing early, double-check that you have all the necessary documents, like your W-2 or 1099 forms. And don’t forget, free tax-filing resources are available for eligible households through programs like the Volunteer Income Tax Assistance (VITA).
With the April 15 deadline just a few months away, it’s a good idea to get started sooner rather than later. As always, if you have questions, consult a tax professional to ensure you're maximizing your refund and staying in compliance with the law.
What We Know
- • Tax-filing season began and runs through April 15.
- • Refunds are projected to increase by an average of $1,000 per household this year.
- • Last year’s average refund was $3,167, according to IRS data.
- • Congress passed new tax breaks for the 2025 tax year.
- • Most taxpayers didn’t adjust paycheck withholding last year.
What We Don't Know
- • How many Oklahomans will see the full $1,000 increase in refunds.
- • Whether additional tax-filing extensions may be offered this year.