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The IRS will phase out the use of paper checks for refunds beginning Sept. 30 and will publish detailed guidance later.
The Internal Revenue Service will begin phasing out the use of paper checks for tax refunds starting at the end of the month.
The Internal Revenue Service is making a major change in how it issues refunds. In keeping with the new federal mandate against paper checks, the U.S. tax agency announced that as of Sept. 30, it will ...
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IRS regulations are changing retirement benefits for high-earning workers 50 and older, impacting catch-up contributions and Roth 401(k) plans.
The tax agency’s Sept. 30 deadline matches a March executive order to modernize payments across the federal government.
According to the IRS, the change is designed to protect taxpayers, speed up refunds and cut costs. “Most individual taxpayers already receive their refunds by direct deposit into their bank accounts,” ...