It’s officially tax season, and Americans can start checking the status of their refunds within 24 hours after an e-filed return is received.

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

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.