If you receive a tax refund of over $1,000, you might have paid too much in taxes throughout the year to the government. With inflation still too high and many of us living paycheck-to-paycheck or leaning on credit to get by, that tax refund might have been more helpful throughout the year.

With tax season underway, here's what you need to know about tracking your tax refund and your new 2025 tax brackets.

The IRS began processing tax returns Monday. For filers who submit their returns electronically using direct deposit, refunds are generally issued in less than 21 days. There is a caution from the tax agency, however, that urges “taxpayers not to rely on receiving refund by a certain date, especially when making major purchases or paying bills.

Tax season is officially underway. The IRS expects over 140 million people to file tax returns before the April 15 deadline.

Already submitted your tax return to the IRS? Here's how to find out when your refund will arrive in your bank account.