The Treasury Department offered a new update on tax refunds with an extra $1,000 coming to millions of Americans.

KEY TAKEAWAY The IRS is moving away from paper refund checks this year, and is asking all taxpayers to include their direct deposit information on their 2025 tax returns.Taxpayers who don't include their bank information or report it incorrectly will have their refunds held until they correct it.

Eager to find out when your tax return refunds will hit your bank account? Here's when you might expect to receive it and how to track the status.

That exciting $1,000 tax refund may actually be a warning sign of over-withholding and lost monthly cash flow.