Close Menu
    Trending
    • Storylines for the RBC Canadian Open: Will a Canadian win on home soil?
    • The end of the ‘good enough’ worker
    • Can Apple and Google stop children from sharing explicit images?
    • Amsterdam Bans Meat Ads As The War On Food Expands
    • Katie Holmes And Joshua Jackson Spark ‘Soul-Level’ Love Chatter
    • Singapore Airlines, Southwest Airlines partner to expand access to nearly 120 US destinations
    • Trump warns Netanyahu: ‘You’ll be on your own’ if attacks on Iran continue | US-Israel war on Iran News
    • Cristiano Ronaldo, ‘The Bosnian Diamond’ headline the World Cup 40-and-over club
    Benjamin Franklin Institute
    Tuesday, June 9
    • Home
    • Politics
    • Business
    • Science
    • Technology
    • Arts & Entertainment
    • International
    Benjamin Franklin Institute
    Home»Business»Your tax refund could be delayed—and the IRS says you need to act fast
    Business

    Your tax refund could be delayed—and the IRS says you need to act fast

    Team_Benjamin Franklin InstituteBy Team_Benjamin Franklin InstituteMarch 27, 2026No Comments3 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Share
    Facebook Twitter Pinterest Email Copy Link

    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 updates on your refund status, visit Where’s My Refund,” the notice explained.

    While most filers receive their refunds electronically, many still opt for paper checks. According to the IRS, about 7% of tax payers still receive their refunds in the mail. The National Taxpayer Advocate reported that last year, around 10 million tax payers received paper checks. However, the federal government has argued that paper checks are vulnerable to fraud, slower, and more expensive than electronic payouts. 

    In an executive order last year, Trump mandated that federal payments be issued electronically starting in October 2025. “The continued use of paper-based payments by the Federal Government, including checks and money orders, flowing into and out of the United States General Fund, which might be thought of as America’s bank account, imposes unnecessary costs; delays; and risks of fraud, lost payments, theft, and inefficiencies,” the order said. 

    It continued, “Mail theft complaints have increased substantially since the COVID-19 pandemic.” It also asserted that the cost of digitizing paper records cost taxpayers “over $657 million in Fiscal Year 2024 alone.”

    Still, some lawmakers are concerned about how the refund delays will impact Americans who depend on the payments. House Ways and Means Committee Democrats sent a second letter to Treasury Secretary Scott Bessent in an effort to get answers for affected filers. The letter explained that there were discrepancies between the notice filers receive about delays and an altered version of the notice lawmakers received.

    “Our first and foremost concern is that taxpayers could face a 10-week wait for their paper refunds,” the letter explained, per a press release. “This is not clearly stated on the notice. Nor does it warn taxpayers that a paper check could take another six weeks beyond the 30 days given to respond.”

    Fast Company reached out to the Treasury for comment but did not immediately hear back.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link

    Related Posts

    Business

    The end of the ‘good enough’ worker

    June 9, 2026
    Business

    How housing market inventory is shifting across every state

    June 9, 2026
    Business

    Why Repair Cafés are becoming more popular amid the anti-consumerism movement

    June 9, 2026
    Business

    A trip to the center of Knicks merch mania

    June 8, 2026
    Business

    What kinds of knowledge will save you from AI?

    June 8, 2026
    Business

    When competence becomes a liability

    June 8, 2026
    Editors Picks

    Jets’ Hall makes big prediction after signing big-money contract

    May 13, 2026

    The FPGA Chip Is an IEEE Milestone

    April 29, 2026

    Apple’s CEO transition is one of the most carefully choreographed in corporate history. Here’s what comes next

    April 26, 2026

    Opinion | Advice on Living From a Dying Man

    April 10, 2026

    Scotch whisky exports to the US drop 15% after Trump’s tariffs

    February 12, 2026
    About Us
    About Us

    Welcome to Benjamin Franklin Institute, your premier destination for insightful, engaging, and diverse Political News and Opinions.

    The Benjamin Franklin Institute supports free speech, the U.S. Constitution and political candidates and organizations that promote and protect both of these important features of the American Experiment.

    We are passionate about delivering high-quality, accurate, and engaging content that resonates with our readers. Sign up for our text alerts and email newsletter to stay informed.

    Latest Posts

    Storylines for the RBC Canadian Open: Will a Canadian win on home soil?

    June 9, 2026

    The end of the ‘good enough’ worker

    June 9, 2026

    Can Apple and Google stop children from sharing explicit images?

    June 9, 2026

    Subscribe for Updates

    Stay informed by signing up for our free news alerts.

    Paid for by the Benjamin Franklin Institute. Not authorized by any candidate or candidate’s committee.
    • Privacy Policy
    • About us
    • Contact us

    Type above and press Enter to search. Press Esc to cancel.