On March 25, 2025, Executive Order 14247 was issued, requiring that all federal payments, including tax payments to the IRS, be made via electronic funds transfer (EFT). This mandate is part of a ...

In a move to make payments more efficient and to reduce the risk of fraud, the federal government is changing both how they receive taxpayers’ payments as well as how they make payments to others.

Over the next six months, all federal departments and agencies will phase out the use of paper checks and switch to electronic payments, according to the White House. As the U.S. accelerates toward a ...

The IRS will begin phasing out the use of paper checks for refunds to individual taxpayers at the end of September and will publish detailed guidance for 2025 tax returns before the 2026 filing season ...

Discover the pros and cons of cash, credit cards, debit cards, and digital payments. Learn how each method works to make ...