{"id":505,"date":"2026-01-10T01:04:32","date_gmt":"2026-01-10T01:04:32","guid":{"rendered":"https:\/\/yebbo.com\/ethiodiego\/?p=505"},"modified":"2026-01-10T01:15:03","modified_gmt":"2026-01-10T01:15:03","slug":"modernizing-payments-to-and-from-americas-bank-account","status":"publish","type":"post","link":"http:\/\/yebbo.com\/ethiodiego\/modernizing-payments-to-and-from-americas-bank-account\/","title":{"rendered":"Modernizing Payments To and From America&#8217;s Bank Account"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"320\" src=\"https:\/\/yebbo.com\/ethiodiego\/wp-content\/uploads\/2026\/01\/yebbotax_banner_EO14247_1920x600-1024x320.png\" alt=\"\" class=\"wp-image-506\" style=\"width:282px;height:auto\" srcset=\"http:\/\/yebbo.com\/ethiodiego\/wp-content\/uploads\/2026\/01\/yebbotax_banner_EO14247_1920x600-1024x320.png 1024w, http:\/\/yebbo.com\/ethiodiego\/wp-content\/uploads\/2026\/01\/yebbotax_banner_EO14247_1920x600-300x94.png 300w, http:\/\/yebbo.com\/ethiodiego\/wp-content\/uploads\/2026\/01\/yebbotax_banner_EO14247_1920x600-768x240.png 768w, http:\/\/yebbo.com\/ethiodiego\/wp-content\/uploads\/2026\/01\/yebbotax_banner_EO14247_1920x600-1536x480.png 1536w, http:\/\/yebbo.com\/ethiodiego\/wp-content\/uploads\/2026\/01\/yebbotax_banner_EO14247_1920x600-400x125.png 400w, http:\/\/yebbo.com\/ethiodiego\/wp-content\/uploads\/2026\/01\/yebbotax_banner_EO14247_1920x600-800x250.png 800w, http:\/\/yebbo.com\/ethiodiego\/wp-content\/uploads\/2026\/01\/yebbotax_banner_EO14247_1920x600.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;IRS 14247&#8221; refers to&nbsp;<strong>Executive Order (EO) 14247<\/strong>, titled &#8220;<strong>Modernizing Payments To and From America&#8217;s Bank Account<\/strong>&#8220;. This order, signed on March 25, 2025, mandates that all federal government payments and collections, including IRS tax refunds and payments, must transition to electronic methods by September 30, 2025, with limited exceptions.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Key Details and Impacts<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Phase-Out of Paper Checks:<\/strong>&nbsp;Effective September 30, 2025, the U.S. Department of the Treasury must cease issuing paper checks for most federal disbursements, including individual and business tax refunds.<\/li>\n\n\n\n<li><strong>Electronic Payments to the Government:<\/strong>&nbsp;As soon as practicable, all payments made to the federal government, including tax payments, must be processed electronically.<\/li>\n\n\n\n<li><strong>Purpose:<\/strong>&nbsp;The order aims to enhance payment security, reduce fraud, lower administrative costs, and increase efficiency.<\/li>\n\n\n\n<li><strong>Timeline:<\/strong>&nbsp;The transition will primarily affect 2025 tax returns filed during the 2026 tax season and beyond.<\/li>\n\n\n\n<li><strong>Exceptions:<\/strong>&nbsp;The order allows for limited exceptions for individuals who do not have access to banking services, cases of undue hardship, or national security reasons. The IRS and Treasury are developing guidance for these exceptions.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Taxpayer Actions and Resources<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To ensure a smooth transition and avoid refund delays, taxpayers should take the following steps:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Set up Direct Deposit:<\/strong>&nbsp;Provide your bank account information when filing your tax return or update your details through your&nbsp;IRS Online Account.<\/li>\n\n\n\n<li><strong>Explore Banking Options:<\/strong>&nbsp;If you do not have a bank account, resources are available to help you open a low-cost or free account, such as through&nbsp;<a href=\"https:\/\/www.fdic.gov\/getbanked\" target=\"_blank\" rel=\"noreferrer noopener\">FDIC: GetBanked<\/a>&nbsp;or&nbsp;MyCreditUnion.gov.<\/li>\n\n\n\n<li><strong>Use Electronic Payment Methods:<\/strong>&nbsp;When making payments to the IRS, use options such as IRS Direct Pay, the Electronic Federal Tax Payment System (EFTPS), or credit\/debit cards.<\/li>\n\n\n\n<li><strong>Stay Informed:<\/strong>&nbsp;For the latest updates and official guidance, monitor the official&nbsp;<a href=\"https:\/\/www.irs.gov\/payments\" target=\"_blank\" rel=\"noreferrer noopener\">IRS website<\/a>.&nbsp;<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;IRS 14247&#8221; refers to&nbsp;Executive Order (EO) 14247, titled &#8220;Modernizing Payments To and From America&#8217;s Bank Account&#8220;. This order, signed on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":509,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1,30],"tags":[],"class_list":["post-505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethiodiego","category-yebbotax"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"http:\/\/yebbo.com\/ethiodiego\/wp-content\/uploads\/2026\/01\/yebbotax_banner_EO14247_1920x600-1.png","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8nzgb-89","jetpack_likes_enabled":true,"_links":{"self":[{"href":"http:\/\/yebbo.com\/ethiodiego\/wp-json\/wp\/v2\/posts\/505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/yebbo.com\/ethiodiego\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/yebbo.com\/ethiodiego\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/yebbo.com\/ethiodiego\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/yebbo.com\/ethiodiego\/wp-json\/wp\/v2\/comments?post=505"}],"version-history":[{"count":3,"href":"http:\/\/yebbo.com\/ethiodiego\/wp-json\/wp\/v2\/posts\/505\/revisions"}],"predecessor-version":[{"id":529,"href":"http:\/\/yebbo.com\/ethiodiego\/wp-json\/wp\/v2\/posts\/505\/revisions\/529"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/yebbo.com\/ethiodiego\/wp-json\/wp\/v2\/media\/509"}],"wp:attachment":[{"href":"http:\/\/yebbo.com\/ethiodiego\/wp-json\/wp\/v2\/media?parent=505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/yebbo.com\/ethiodiego\/wp-json\/wp\/v2\/categories?post=505"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/yebbo.com\/ethiodiego\/wp-json\/wp\/v2\/tags?post=505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}