Alert! No More Tax Refund Checks This Year!
It's our favorite time of the year, TAX TIME! And, there is a big change this year!
The IRS will not be sending you a refund check anymore.
WHAT'S UP?
The IRS announced that they will be delivering most refunds electronically. In others, by DIRECT DEPOSIT ONLY!
WHY ARE THEY DOING THIS?
It is simple. They want to move away from paper. And besides, Direct Deposit remains faster, more secure and less vulnerable to loss or theft than mailed checks.
👇 BELOW: WHAT COULD BE WORSE IN MICHIGAN THAN DOING TAXES? 👇
This year you must include direct deposit information on your return so that your refund can be directly deposited into your account. The IRS says if you don't include the information, your refund will be frozen until you do so. You won't lose the money, but you won't get it either until they get your deposit information.
It seems complicated, but here is what The Taxpayer Advocate Service says:
"Beginning in 2026, the IRS will make changes to how refunds are handled when direct deposit information is missing or invalid:
Returns filed without direct deposit information
- The IRS will still process individual income tax returns (Form 1040 series) filed without bank account information.
- However, the IRS will temporarily freeze the refund until the taxpayer provides direct deposit information or requests a paper check.
Rejected direct deposits
The IRS will freeze most direct deposits that are rejected by the bank and will not automatically reissue them as paper checks.
Some reject codes are excluded, but most rejected direct deposits will require taxpayer action."
Good Luck with all of this. If you want further information, go the the National Association of Tax Professionals website.
10 things To Do In Michigan Worse Than Doing Your Taxes
Gallery Credit: Canva/Getty Images/Facebook/Google Streetview
More From 100.5 FM The River
