The IRS delivered timely refund processing during the tax year at issue. Most refunds were issued within 21 days, and returns were processed without delay. The IRS reported that a majority of individuals received refunds through direct deposit. This was supported by accurate banking information and online tools that allowed updates to missing or invalid details. Individuals who did not provide valid banking information could use their online account to correct the information and receive refunds promptly. Only a small percentage of individuals were required to take action to resolve missing or incorrect banking information.
Individuals who did not act within the prescribed period received refunds as paper checks. These checks required additional processing time and carried a higher risk of delay, loss or theft. Individuals can learn more about this notice, including frequently asked questions and step-by-step instructions, by visiting Understanding Your CP53E Notice on IRS.gov.
