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During the last government shutdown, IRS operations paused, but automated notices to taxpayers continued. That situation could repeat if the current shutdown drags on. Taxpayers are advised to file as soon as possible to avoid potential delays in refunds or correspondence if IRS operations are impacted in the coming weeks.
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,” the agency wrote in the announcement.
The 2024/25 tax deadline is fast approaching, and missing the cut-off date could end up costing you. Here's what you need to know.