Your tax refund will no longer arrive by paper check. The IRS recently announced that it will stop issuing refund checks, with limited exceptions, and will require taxpayers to receive refunds electronically.

Why the Change?

Paper checks cost more, create security risks, and take much longer to process. In addition, the Trump administration directed all federal agencies to eliminate paper check payments.

What Stays the Same?

The IRS has not changed the process for filing your tax return. You will continue to file exactly as you do now.

After four years of work, the IRS has finalized its cryptocurrency regulations, and crypto tax reporting now begins. Starting with the 2025 tax year, custodial crypto platforms must report taxable crypto transactions directly to the IRS.

“Digital asset brokers” must handle this reporting when they take custody of the digital assets their customers sell or exchange. These brokers include

• operators of centralized trading platforms such as Coinbase, Kraken, and Binance; and

• hosted wallet providers (also called “custodial wallets”).

Thinking of prepaying for your 2025 tax prep?

Great news: you can now Pay Later with Affirm — and some lucky clients even qualify for a 0% interest 3-month plan.

Yep. Zero. As in the amount of joy tax season brings any of us. But at least paying for it doesn’t have to hurt.

Here’s the deal:

• You get flexible payments.

March 2025 Executive Order:

Phase out paper checks to and from the federal government, including IRS.

• Paper checks from Treasury to cease by Sept. 30, 2025

• Payments sent to Treasury (including tax payments) should be processed electronically as soon as practicable

  No guidance has been issued and date has not been set but could be as soon as Sept. 30, 2025

If you plan to make energy-efficient improvements or purchase clean energy vehicles, please note the cutoffs below.