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🚧 Contractors expecting a tax refund in 2025 — read this.
🚧 Contractors expecting a tax refund in 2025 — read this.
The IRS is moving away from paper refund checks starting with 2025 tax returns.
If you don’t include direct deposit information on your return, here’s what happens 👇• Your refund doesn’t get mailed• The IRS sends you a letter asking for bank info• Your money can be stuck in limbo for 6+ weeks
For contractors, that delay matters. Refunds often get used for:• payroll• materials• catching up after slow months• or just stabilizing cash flow
This won’t affect refunds tied to pre-2025 tax years, but it will affect returns filed for 2025 and forward.
TLDR:
No bank info = delayed refund.Delayed refund = unnecessary cash flow stress.
Make sure your 2025 return has direct deposit set up — or expect the IRS to slow-walk your money.
If you want to make sure your filings are set up clean and avoid avoidable delays, this is an easy thing to get right now.