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IRS Phases Out Paper Refund Checks, Urges Direct Deposit Updates for 2025 Tax Returns
IRS Phases Out Paper Refund Checks, Urges Direct Deposit Updates for 2025 Tax Returns
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BTCCSquare news:
The IRS is accelerating its shift toward electronic refunds, mandating direct deposit details on 2025 tax filings to avoid processing delays. Paper checks—still available by request—will now trigger hold times for corrections or manual processing. Nearly 6.5 million taxpayers relied on physical checks last year, disproportionately affecting unbanked and vulnerable groups.
This administrative pivot mirrors broader financial digitization trends, though crypto exchanges remain absent from the IRS's approved deposit options. The policy highlights growing institutional preference for traceable, instant settlements—a friction point for decentralized finance advocates.
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