IRS digital changes expected for the 2025 tax filing season
ARTICLE | April 08, 2025
Authored by Schlenner Wenner & Co
The US tax refund landscape is set for a significant change for the 2025 filing season. The Trump administration has recently signed an executive order that will see the US Treasury phase out paper checks in favor of electronic payments. This transition will modernize the federal government's handling of money, moving away from traditional paper-based payments to more secure and efficient electronic funds transfer methods.
The new order requires all government departments and agencies to issue disbursements via direct deposit, debit/credit card payments, digital wallets, and real-time transfers by September 30, 2025. This means that tax refunds, along with Social Security payments, will be processed electronically. Payments made to the federal government, like taxes, fees, fines, or loans, will also have to be made electronically. It is a move that is set to significantly enhance the security and efficiency of federal payments.
This change is expected to cut processing times in half and expedite tax refunds by several weeks. However, it may pose challenges for those without access to banking services or reliable internet. To address this, the Treasury Secretary will provide a plan that will outline measures to accommodate individuals who may face difficulties with the digital transition.
Overall, this change marks a significant step towards digitizing the federal government's financial transactions, promising increased efficiency and security for U.S. taxpayers.
Our offices will be available as this change takes effect, if there are any questions along the way.
Let's Talk!
Call us or fill out the form below and we'll contact you to discuss your specific situation.
As CPAs, we know how to keep things balanced. At Schlenner Wenner & Co. we balance the resources of our professional staff with the individual needs of our clients. Our goal is to help clients keep their life in balance enabling both large and small businesses to become prosperous and reach their full potential.
Schlenner Wenner & Co. is proud of its record of maintained lasting relationships with both individuals and businesses. We are committed to providing you with quality work and innovative and timely solutions to your financial needs. Since our business started in 1964, we have learned a great deal, and we are ready to help your company grow and succeed. We are looking forward to working with you.
For more information on how Schlenner Wenner & Co. can assist you, please contact us.