Your tax refund could be delayed—and the IRS says you need to act fast
Tax refunds are typically a welcomed reprieve for millions of Americans facing challenging financial times. While many tax filers are set to receive higher refunds this year, around 1.4 million Ame...
Source: www.fastcompany.com
Tax refunds are typically a welcomed reprieve for millions of Americans facing challenging financial times. While many tax filers are set to receive higher refunds this year, around 1.4 million Americans who typically receive paper refund checks may have to wait longer for their refund this year because the federal government has moved to phase out the paper check option. The deadline to file your taxes is April 15. But some filers may have to wait six weeks to 10 weeks longer to see their refund checks if they didn’t provide direct deposit information on their returns this year. The IRS is sending notices to those taxpayers of the extended wait time and the actions they need to take in order to avoid it. The notice explains that filers should update their online account with the IRS to update or add their bank account information. It also said filers have 30 days to do so after receiving the notice. “If you don’t respond to the notice, we will issue a paper check after 6 weeks. For up