A recent Executive Order now requires that all federal payments to the IRS, as well as tax refunds, be made electronically. The IRS has begun to phase-out paper payments and refund checks.
IRS Guidelines issued pursuant to the Executive Order provide that electronic refunds give taxpayers faster access to refunds, with payments issued in less than 21 days in most cases. Paper check refund payments sent by mail may take 6 weeks or longer.
What you need to know:
- No changes are being made to the process of filing a tax return – only the payment and refund delivery methods will shift.
- Consider direct deposit – Taxpayers who provide valid bank account information with their return will receive the fastest and most secure refund method.
- Use electronic payment options – such as Electronic Federal Tax Payment System (EFTPS) and IRS2Go Mobile App for individual or business tax payments.
The IRS will publish all guidance and information necessary for filing 2025 taxes before opening the 2026 tax filing season.
Not sure how these changes affect you or your business? Contact us for more information.
Astor Weiss Kaplan & Mandel, LLP
One Logan Square
130 North 18th Street, Ste 1500
Philadelphia, PA 19103
215-790-0100