Income Tax Refund Schedule 2025. The irs adjusted income tax brackets again due to inflation. Section 194p of the income tax act, 1961 provides conditions for exempting senior citizens from filing income tax returns aged 75 years and above.

Some changes are coming for the 2024 tax filing year that could affect your tax refund amount in 2025. Taxpayers can view status of refund 10 days after their refund has been sent by the assessing officer to the refund banker.