IRS Moves Toward Mandatory Electronic Payments

The IRS phased out paper tax refund checks for individual taxpayers beginning September 30, 2025, under Executive Order 14247. Refunds will primarily be issued via direct deposit or other secure digital methods, with alternatives available for those without bank accounts.

This directive mandates a transition to electronic funds transfer (EFT) for nearly all financial transactions involving the IRS, with the goal of improving efficiency, reducing costs, and minimizing fraud.

No changes are being made to the process of filing a tax return itself. Taxpayers will continue to file as usual, but refund delivery methods will shift to align with the executive order.

The IRS offers many options for making electronic payments:

  • Direct Pay: Make a payment directly from their bank account
  • Electronic Federal Tax Payment System (EFTPS): For businesses and individuals, including scheduling future payments
  • IRS Online Account: View balances and make payments
  • Debit or credit card: Available through IRS-approved payment processors (fees may apply)
  • ACH transfers or wire transfers: For certain high-dollar transactions

To learn more about the available payment options, visit the IRS website: https://www.irs.gov/payments.

Resources:

This post is shared by Davis & Hodgdon CPAs as a service to our clients, business associates and friends. Recipients should not act on the information presented without seeking prior professional advice. Additional guidance may be obtained by contacting us at 802-878-1963 (Williston) or 802.775.7132 (Rutland)

#IRS #tax #refund

Similar Posts