IRS tax refunds may arrive yesterday like some PFD payments

American taxpayers look forward to their tax refund annually, and if you have submitted your 2024 tax return timely, you can receive your tax refund on February 20, 2025.

If you have submitted your tax return on January 30, 2025, there is a good chance that you can receive a refund on February 20, 2025. But for this, some criteria must be fulfilled:

• File a correct and complete tax return – any sort of error or incomplete data will cause a holdup.
• Choose direct deposit – this option is quicker than a paper check.
• E-file – e-filing is processed more quickly than a paper return.

If you have fulfilled all these three requirements, you can receive a tax refund on the deadline.

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PFD payments will be received on February 20 too!

There is one more piece of good news for the people of Alaska! The State of Alaska Department of Revenue has officially confirmed that PFD (Permanent Fund Dividend) checks will also be disbursed on February 20, 2025.

Do you want to know if you will receive a PFD or not? Check your status online. If your status reads “Eligible-Not Paid,” then your payment will be made on February 20.

How much will the PFD payment be?

The typical size of a PFD payment in 2024 is $1,702. But the size can vary based on special situations.

What will be the typical size of an IRS tax refund?

The IRS has revealed the size of the typical tax refund, which is higher than last year.

• Typical tax refund in 2025: $2,065 (was $1,741 last year)
• Typical size for direct deposit: $2,165 (was $1,831 in 2024)

This indicates that taxpayers are receiving higher refunds this year, and more individuals are submitting early tax returns via e-filing.

What to do if you receive a late tax refund or PFD payment?

If you don’t receive the payment you’re due by February 20, do the following:

1. Check your refund status with the IRS “Where’s My Refund” tool

• You’ll need your Social Security Number, filing status and refund amount information.

2. Be patient

• Wait at least 21 days after e-filing and up to 6 weeks for paper returns.

3. Contact the IRS

If it’s been more than 21 days (e-file) or 6 weeks (paper file), call the IRS at 1-800-829-1040.

4. Keep an eye on your bank account

After the payment is issued, it may take 1-5 days to arrive in your bank account.

5. Contact your state tax department

• If your state refund is pending as well, call your state tax agency.

How to check IRS tax refund or PFD payment status?

If your PFD payment status is “Eligible-Unpaid” and you did not get paid on February 20, do the following:

1. Log in to your IRS online account or use the IRS2Go app

• This will provide you with details about your refund amount and possible payment date.

2. Call the bank

• If 21 days have gone by and the refund has not yet been deposited in your bank, inquire of your bank if the funds were received by them.

3. Call the IRS directly

If your bank has not received the refund after 21 days, call 1-800-829-1040.

4. Call the PFD Division

If your PFD payment has not been received by February 20, go to your myPFD account and check the status. If you see any issues, contact the PFD Division.

5. Steps to follow in the event of fraud or identity theft

In the event that you suspect fraud of your tax refund or PFD payment, you should contact the IRS Identity Protection Specialized Unit (1-800-908-4490) or the PFD Division immediately.

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Conclusion

If you e-filed your tax return timely and correctly, you will probably get your Alaska PFD payment and IRS tax refund on February 20, 2025. Still, it is very crucial to use online tools to verify the status and take the proper action in case of any delay.

The method to receive the quickest refund is to opt for e-filing and direct deposit. If your refund has not yet been received, do not worry—just go through the above steps and continue checking your status.

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