Many taxpayers are eagerly awaiting their refunds from the Internal Revenue Service (IRS), which are projected to be substantially larger than those issued in 2024. This year, the IRS has introduced ...

Starting in 2025, the IRS requires direct deposit info on tax returns to improve efficiency, security, and fraud prevention.

Direct deposit gives you quick, automatic access to funds from a payment, like a paycheck or a Social Security check, that’s transferred electronically from a payer’s account to your bank account. The ...

The final date to file your tax return is generally April 15. However, if more time is needed, a six-month extension can be requested, pushing the deadline to October 15. This extension provides ...

Two major pillars of the federal government — the Social Security Administration and the Internal Revenue Service — will soon stop issuing paper checks to the country’s 75 million Social Security ...

In a move to make payments more efficient and to reduce the risk of fraud, the federal government is changing both how they receive taxpayers’ payments as well as how they make payments to others.

The Internal Revenue Service is no longer issuing paper tax refunds after September, according to a news release published by the department. On Sept. 23, the agency said it will transition to fully ...