In this video, Toby Mathis breaks down the IRS plan to phase out paper refund checks for most individual taxpayers starting September 30, 2025, what’s changing, and who’s affected.
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You’ll hear why the shift is happening—reduced fraud and loss, faster refunds via direct deposit, and lower processing costs—and how a recent executive order accelerates the government-wide move to electronic payments.
I cover practical next steps so you don’t miss a refund or deadline: add accurate banking info to your return, set up EFT/Direct Pay, and confirm routing and account numbers.
If you’re unbanked or helping seniors, I walk through Treasury-approved options like prepaid cards and digital wallets, plus key scam warnings during the transition. I also share how tax pros and advocacy groups are responding, and what guidance to expect before the 2026 filing season.
Show Notes:
0:00 Intro
2:24 Who’s affected; direct deposit stats
5:32 Scam risks & vulnerable taxpayers
7:07 What to do now: add bank info
8:50 EFT primer (how it works)
10:45 Timing rules & scheduling
12:47 Records, security, and why pros prefer EFTPS
14:47 Help family members transition
16:01 FAQs: exceptions, states, and paying electronically
17:11 Outro
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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