There are quite a few articles on this topic and our CPA has brought it up a couple of times, as well. There was an Executive Order ‘Modernizing Payments to and From America’s Bank Account’ all related to the IRS moving to electronic payments and refunds. The goal is to improve security, reduce fraud, and modernize the federal payment systems.
Based on the articles we researched, here are some highlights. Most taxpayers including individuals, businesses, estates, and trusts, will move to electronic funds, starting with individual taxpayers.
The original deadline to stop using paper checks was September 30, 2025! Then the IRS announced a delay and promises to provide guidance before the 2026 tax season. If you’re intrigued, you can actually start using Direct Pay for Individuals and Businesses. It’s free, secure, and no sign-up is required.
Later this year, we expect EFTPS to no longer be available to individual taxpayers. Your CPA can provide more guidance on making electronic payments, and you can include information in your tax return to receive any refunds electronically, as well. –CMW