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The U.S. Department of the Treasury has announced that tax refund paper checks will no longer be issued. According to the IRS, this change is designed to:
- Protect taxpayers
- Speed up refunds
- Cut costs
Filing stays the same: Taxpayers should continue to file their returns as they normally would, using one of the existing filing options.
What this means for taxpayers:
- Refunds will be delivered by secure electronic payments.
- Taxpayers should make sure they have their banking information available or consider opening a bank account.
Visit coag.gov/bankon to find banks and credit unions across Colorado that offer low-cost, low-fee transaction accounts certified to meet the Bank On National Account Standards.
Click here to read the IRS announcement.
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