India, Dec. 22 -- As the year draws to a close, many taxpayers check their accounts, hoping for a final tax-related payment before January. While federal tax refunds follow a strict seasonal schedule, several states are still issuing payments in December 2025, according to Marca.

At the federal level, income tax refunds are handled exclusively by the Internal Revenue Service (IRS). These refunds are simply returns of overpaid taxes, typically through payroll withholding or estimated quarterly payments.

However, the IRS does not issue refunds continuously throughout the year.

Tax filing season generally begins in late January and runs through mid-April, sometimes extending into May. As a result, December 2025 falls completely outside th...