08/22/2025
On March 25, 2025, President Trump signed Executive Order 14247 — Modernizing Payments to and From America’s Bank Account. The order requires all payments made from or to the IRS to be conducted via electronic funds transfer (EFT).
The phaseout of paper check disbursements and receipts is scheduled for Sept. 30, 2025. Payments such as fees, fines, loans and taxes must be made electronically where permissible under existing law.
A few exceptions will remain at the discretion of the Treasury secretary:
1. Individuals without access to banking services or electronic payment systems;
2. Emergency payments where electronic disbursement would cause undue hardship;
3. National security- or law enforcement activities where non-EFT transactions are necessary or preferred;
4. Other circumstances as deemed necessary by the secretary.
Taxpayers should prepare for the shift to electronic payments ahead of the Oct. 15 filing deadline.
