In accordance with Executive Order 14247, Modernizing Payments To and From America's Bank Account, signed on March 25, 2025, the U.S. Department of the Treasury, in coordination with the Internal Revenue Service and other federal agencies, is advancing the transition to fully electronic federal payments both to and from the IRS.
This policy shift covers:
• Disbursements from the federal government (e.g., tax refunds, benefits, grants vendor/contractor payments), and
• Payments to the federal government (e.g., tax balances due, fees, penalties, and other remittances from individuals, businesses, nonprofits, and state/local partners).
Read more about the changes here : https://www.irs.gov/pub/taxpros/fs-2026-02.pdf
