IRS Tax Refunds — Millions of Americans could receive up to $500 in tax refunds this summer, thanks to both federal IRS refunds and ongoing state-level refund programs. While most federal refunds have already been processed for early filers, a wave of new payments is now being issued, particularly for those who filed late or requested extensions.
IRS $500 Refunds in June 2025
The Internal Revenue Service (IRS) has confirmed that eligible taxpayers who filed their 2024 tax returns—especially those who used the official IRS Free File or submitted returns electronically—may receive a $500 refund beginning in June 2025. According to the agency, most refunds are processed within 21 days of filing, though some paper filers may see delays of up to four weeks or more.
The IRS has received over 140 million returns this year. Refund amounts are determined by factors including gross income, deductions, tax credits claimed, and filing status. Taxpayers can check the status of their refund anytime via the official IRS website under the “Where’s My Refund?” tool.
Eligibility for the $500 IRS Tax Refund
Eligibility varies based on income level and filing status. Here’s a simplified breakdown of gross income thresholds for standard eligibility:
- Single under age 65: $14,600 or more
- Married (both under 65): $29,200 or more
- Head of household: $21,900 or more
- Seniors (65+) and survivors: Higher income thresholds apply
- Blind dependents and individuals with disabilities: Special provisions apply
Taxpayers earning below these limits or those not required to file may still be eligible for refunds due to refundable credits such as the Earned Income Tax Credit (EITC).
How to Claim the Refund
Taxpayers who haven’t filed yet or requested an extension until October 15, 2025, can still qualify. To claim the $500 IRS refund:
- File your 2024 tax return using IRS Free File, Direct File, or through VITA (Volunteer Income Tax Assistance) if eligible.
- Submit all required documents and ensure your banking details are accurate for direct deposit.
- After filing, use the “Check My Refund Status” tool on the IRS website for updates.
State Tax Refunds Also Being Issued
In addition to the federal refund, several states are issuing their own tax refunds in 2025:
- Georgia: One-time payments of $250–$500 began rolling out in June 2025 for eligible 2023 and 2024 filers.
- North Carolina: Refunds depend on credits and overpayments; most are expected by October 2025.
- California: Residents qualifying for CalEITC or the Young Child Tax Credit (YCTC) are receiving variable refund amounts.
- New Jersey: Refunds tied to NJEITC and excess tax payments are being distributed for early and extended filers.
- Colorado: Eligible filers who submitted timely returns will also receive payments, though amounts vary by individual case.
What Taxpayers Should Know
While the $500 IRS refund isn’t automatic for everyone, it remains one of the most accessible forms of direct financial relief in 2025. Experts recommend double-checking your filing status and eligibility, especially if you missed the initial April 15 deadline.
For those who filed correctly and on time—or requested an extension—payments will arrive via direct deposit or check, depending on your chosen method.