H. R. 1155 aims to amend the Internal Revenue Code of 1986 to allow eligible taxpayers to choose to receive replacement refunds via direct deposit. This is specifically for cases where a refund was previously lost or stolen when initially issued as a paper check. The...
Simple Explanation
A new idea in Congress wants to let people choose to get their tax money back by direct deposit instead of a paper check if the check was lost or stolen. They hope this can be done safely and that rules will be made to help it work smoothly.