When the One Big, Beautiful Bill Act (OBBBA) was passed on July 4th, 2025, all the tax professionals focused on the new tax deductions (i.e. car interest deduction, no tax on overtime or tips, etc.), extension to some of the Tax Cuts and Job Act tax benefits, and other relevant items (i.e. new estate tax
We told you already back in May 2025, but now it’s a reality. This shift is part of the government’s broader transition to electronic payments—a change we previously warned our readers about in our earlier blog post Federal Payments Are Going Fully Digital. The IRS and U.S. Treasury have officially announced that paper refund checks
A new Executive Order signed by President Trump on March 25, 2025 requires every federal agency to stop issuing and accepting paper checks by September 30, 2025. From that date forward, tax refunds, Social Security, vendor payments, and even taxes or fees you send to the government must move through secure electronic channels (direct deposit,
