Tax Refund Update: Millions of Americans Could Have Payments Delayed
Summary
Many Americans might face delays in receiving their tax refunds due to changes in how the IRS handles payments. The IRS is moving away from sending refunds as paper checks and now requires direct deposit information. If taxpayers do not provide this information, their refunds may be temporarily frozen.Key Facts
- The IRS is switching from paper checks to mainly using direct deposit for tax refunds.
- In 2025, 93 percent of tax refunds were issued via direct deposit.
- About 6.5 million Americans might need to switch to direct deposit.
- Tax returns without direct deposit details will be processed but refunds will be frozen until details are provided.
- Refunds sent to wrong accounts will also be frozen, adding potential delays.
- The IRS will notify taxpayers if their refund is frozen, giving them 30 days to update their information.
- Older taxpayers might face difficulties with this transition.
- It's advised to double-check bank details to avoid delays.
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