The Internal Revenue Service is no longer issuing paper tax refunds after this month, according to a news release published by the department last week.
On Sept. 23, the agency said it will transition to fully electronic federal payments in accordance with an executive order signed by President Donald Trump in March.
The change will take effect on Sept. 30, which is the same day that the Social Security Administration begins phasing out paper checks in favor of electronic benefit payments.
Here’s everything you need to know about the change.
Why is the change happening?
The IRS said it is phasing out paper checks to defend against financial fraud and improper payments, increase efficiency, reduce costs and enhance the security of federal payments.
“Paper checks are over 16 ti