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IRS expects faster refunds in 2024 for people who stop using paper

The IRS will allow taxpayers to file every major tax form online, the agency announced Wednesday, and will digitize its gargantuan paper catalogue by 2025, dramatically increasing its customer service capabilities and hastening refunds by four weeks to millions of taxpayers.

“This ‘Paperless Processing’ initiative is the key that unlocks other customer service improvements,” Treasury Secretary Janet L. Yellen is expected to declare in a speech Wednesday, according to an early copy of her remarks obtained by The Washington Post.

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tax, us, wealth management