Returning Value Blog

On March 25, 2025, the White House issued Executive Order 14247, “Modernizing Payments To and From America’s Bank Account."

This order establishes that, effective September 30, 2025, the U.S. Treasury will cease issuing paper checks for all federal disbursements—including tax refunds—where permitted by law.

In March, the U.S. Department of the Treasury was directed to begin phasing out the acceptance and disbursement of paper checks. This phase-out is set to occur by September 30, 2025, and the purpose is to enhance security, reduce fraud, and improve government efficiency.

As of Wednesday, 12/3, a federal judge in Texas issued a ruling suspending (temporarily) enforcement of the Corporate Transparency Act (CTA) nationally.  The CTA created the Beneficial Owner Information (BOI) filing requirement for businesses. This ruling is not a repeal but a temporary stay of enforcement.

In May 2023, state lawmakers passed a plan that calls for residents to receive a tax rebate. The state has a surplus, which means rebates for millions of state taxpayers.