Avoid Refund Delays: IRS Phasing Out Paper Checks, Update Your Tax Return with Bank Details
Investopedia·2026-01-30 09:00

KEY TAKEAWAY The IRS is asking all taxpayers to include their bank account information on their 2025 tax returns. Failing to do so could delay any refund this year. Starting in the 2026 filing season, the IRS is transitioning away from paper tax-refund checks to electronic payments, which are less likely to be lost, stolen or delayed, the tax agency said. To prevent refund delays this year, taxpayers should provide accurate bank account information (routing and account numbers) on their returns. Why This Ma ...