Modernizing Payments To and From America's Bank Account - Executive Order 14247

In March 2025, President Trump signed Executive Order 14247, titled “Modernizing Payments To and From America’s Bank Account.” This directive requires a major shift in how the federal government issues and processes payments — with a strong emphasis on electronic transactions and away from paper checks.

Key points every taxpayer should know:

• Effective September 30, 2025, most paper checks for federal disbursements — including tax refunds and benefit payments — are being phased out.

• The Order promotes electronic payments (EFTs) — such as direct deposit, digital wallets, or debit/credit options — as the primary method for federal payments and collections.

• To the extent permitted by law, all payments to the federal government — including tax payments — are also expected to move toward electronic methods.

• Limited exceptions may apply for individuals without access to electronic banking or in emergency circumstances.

What this means for taxpayers:

✔️ If you still receive refunds by paper check, make sure your tax return includes direct deposit information.

✔️ If you plan to make federal tax payments, be prepared to use an electronic option like IRS Direct Pay, EFTPS, or similar secure methods.

✔️ Staying ahead of this transition can help avoid payment delays or lost checks.

You can read the full documents by clicking this link: IRS Fact Sheet on Executive Order 14247

At Regier Carr & Monroe, LLP, we’re watching implementation guidance closely and can help you navigate these changes so your payments and refunds are processed smoothly as the federal system modernizes.

Sincerely,

Regier Carr & Monroe LLP