Your tax refund could be delayed-and the IRS says you need to act fast
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Your tax refund could be delayed-and the IRS says you need to act fast
""If you don't respond to the notice, we will issue a paper check after 6 weeks. For updates on your refund status, visit Where's My Refund.""
""The continued use of paper-based payments by the Federal Government... imposes unnecessary costs; delays; and risks of fraud, lost payments, theft, and inefficiencies.""
The federal government is phasing out paper checks for tax refunds, affecting approximately 1.4 million Americans who may experience delays. Tax filers who do not provide direct deposit information could wait an additional six to ten weeks for their refunds. The IRS is notifying these taxpayers to update their bank account information online within 30 days to avoid delays. While most refunds are issued electronically, about 7% of taxpayers still receive paper checks, which are considered more vulnerable to fraud and inefficiencies.
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