Starting September 30, 2025, the U.S. Treasury will stop sending federal payments like IRS tax refunds by paper check and switch to electronic transfers for most people. This change is meant to reduce mail fraud and delays, as paper checks have become easier to steal or fake. It’s also a way for the government to save money and make payments faster and more efficient, especially during tough economic times. But the move also raises new risks. Scammers may take advantage of the confusion—especially targeting older adults, veterans, and people without bank accounts. To stay safe, people should make sure their financial information is up to date with the IRS and watch for suspicious emails, phone calls, or messages.

On July 4, 2025, a major tax law called the "One Big Beautiful Bill Act" was passed, bringing big changes to how Americans plan their finances. The law keeps current tax rates in place, especially stopping the top income tax rate from increasing back to 39.6%. This gives people more confidence to plan for the future. It also introduces new investment tools, like the "Trump Accounts," which are designed to help people grow their wealth faster and save more for the long term. These changes come at a time when the economy is still facing inflation and budget concerns, making smart financial planning more important than ever.