As the 2025 tax season draws to a close, many Americans are noticing a significant decrease in their tax refunds. With the IRS processing fewer returns and average refunds dropping by a third, taxpayers are left wondering about the impact of recent federal changes and administrative decisions.

The Internal Revenue Service is warning millions of Americans they might miss out on $1 billion in refunds if they don't act fast. Roughly 1.1 million Americans still have unclaimed tax refunds for 2021 that will disappear after April 15.

The 2025 tax season is already underway, and as the days go by, many taxpayers are anxiously awaiting the date when they will be able to receive their refunds from the Internal Rev