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Global Business / The Economic Times

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Tax refunds could be delayed in 2026 after major 2025 law changes, lawmakers warn

IRS warns of possible delays in 2026 tax refunds. New deductions for tips and overtime complicate filings. Staff cuts and high turnover leave the agency struggling. TIGTA flags potential $360 million fraud risk. Paper returns may slow processing. Taxpayers should prepare early and review updated IRS guidance. Filing season may test IRS capacity like never before.

31 Dec 2025 4:54 am