The Internal Revenue Service (IRS) has changed how it handles tax returns, causing some to be delayed by weeks or months. This shift is due to the agency introducing new measures to combat fraud and meet federal payment modernization policies, including phasing out paper checks and enhancing identity verification. These changes are primarily affecting taxpayers whose direct deposit information is missing or incorrect, leading to IRS notices about delayed refunds that many filers are unfamiliar with. Over 800,000 taxpayers are expected to encounter these issues during this tax season.
Every tax season has its rituals. You file your return, check the refund tracker, and expect the money to arrive within a few weeks. For many taxpayers, that refund is already spoken for, covering rent, credit cards, or everyday expenses. Many filers are...
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