Lawmakers say that more than 800,000 taxpayers could receive CP53E notices tied to the phaseout of paper checks, potentially ...
President Trump has directed that most federal payments be issued electronically, including tax refunds. Last year nearly 10 million people got their refund via a paper check.
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IRS urges direct deposit to avoid 2026 tax refund delays
The IRS is phasing out paper checks for tax refunds. Learn why choosing direct deposit is crucial this year to get your money faster and avoid potential delays.
Tax refunds are about 10% larger so far this year, but many filers will have to wait longer for their money due to the IRS phasing out paper checks.
The IRS is hitting the pause button on some tax refunds this filing season, and one small code is making a big difference. If you get a letter labeled CP53E, the clock starts ticking. You generally ...
Taxpayers who receive these notices are being asked to take several steps within 30 days of receipt or face waiting months ...
Direct deposit is an electronic payment to a bank account that is typically sent by an employer or the government. This page includes information about these cards, currently unavailable on NerdWallet ...
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