Many taxpayers who are expecting federal tax refunds are discovering a delay in receiving them. The culprit. Missing or incorrect bank information on their tax return.
Unfortunately, if you are one of these people, you may already have received IRS Notice CP53E stating as much and requesting you to update your banking information. You must do this right away as you only have 30 days to provide new or updated account information. If you don’t respond to the notice, the IRS will issue a paper check after 6 weeks.
Per the IRS.gov website, here are the steps you need to take.
- Access or establish your online account by visiting your account to add or update your bank account information.
- Upon successfully completing the process, allow 2-5 days for your refund information to update online, use the Where’s My Refund tool to check your refund status.
- If you encounter any systemic issues that prevent you from updating your bank account information, read the message carefully and try again later.