The change will take effect on Sept. 30, which is the same day that the Social Security Administration begins phasing out paper checks in favor of electronic benefit payments. Here’s everything you ...
The IRS said 93% of refunds for individuals from the 2025 tax season were made via direct deposit, while only 7% were ...
Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.
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IRS says paper checks for tax refunds are being phased out starting next week: Here’s what to know
The agency is urging taxpayers to ‘act now’ and know their banking details. Critics have called the transition to all digital payments rushed. The Internal Revenue Service (IRS) will start phasing out ...
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IRS announces end of paper tax refunds beginning September 30
Starting September 30, 2025, the IRS will end paper tax refunds, shifting to electronic payments to improve security and efficiency.
The federal estate tax exemption increased again for 2025. Although the higher, IRS-inflation-adjusted number, announced last fall, may not have come as a surprise to most. However, 2025 is a pivotal ...
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