1.4 million filers face tax refund delays amid IRS paper check phaseout
#IRS #tax refunds #paper checks #direct deposit #delays #phaseout #taxpayers
📌 Key Takeaways
- 1.4 million taxpayers may experience delays in receiving their refunds
- The IRS is phasing out paper checks for tax refunds
- Delays are linked to the transition away from paper-based refund methods
- Taxpayers are encouraged to use direct deposit to avoid delays
📖 Full Retelling
Many filers are facing tax refund delays amid the IRS push to phase out paper checks. Here's what to know if you receive a CP53E notice.
🏷️ Themes
Tax Refunds, IRS Policy
Entity Intersection Graph
No entity connections available yet for this article.
Original Source
A growing number of filers are facing tax refund delays amid a government-wide phaseout of paper checks . House Ways and Means Committee Democrats this week sent another letter to Treasury Secretary Scott Bessent, with "additional concerns" about roughly 1.4 million IRS notices sent to filers about refund delays related to paper payment requests. At the time of the lawmakers' initial letter, dated March 9, they said more than 830,000 taxpayers had received such notices. The IRS notice, known as CP53E , asks taxpayers for updated banking information to receive refund payments via direct deposit. Recipients have 30 days to provide these details via an IRS online account , or the agency will issue a paper refund after six weeks. "This matter is time sensitive and urgent as individuals and families facing delays need their tax refunds to offset the high cost of gas, food and basic necessities," the lawmakers wrote. The refund payment change stems from an executive order signed by President Donald Trump in March 2025, which requires government agencies to shift from paper to electronic payments. The IRS in September announced the transition to paper payments to protect taxpayers, speed up refunds and reduce costs. The Treasury did not respond to CNBC's request for comment about the letter from House Ways and Means Committee Democrats. Read more CNBC personal finance coverage 1.4 million filers face tax refund delays amid IRS paper check phaseout Family caregivers now provide $1 trillion worth of care annually, AARP finds Higher gas prices from Iran war could offset Trump's bigger tax refunds Single women see homeownership as 'a wealth-building tool,' economist says Amid March Madness, NY Fed highlights sports betting toll on credit health Social Security benefits can top $100,000 a year for some couples Iran war may further 'chill' an already frozen job market, economist says More than 7 million student loan borrowers are in a defunct payment plan Lawmakers warn of price...
Read full article at source