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FY24−25 Priority Goal
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Department of the Treasury

Improving the Payment Experience

Goal leaders

Forthcoming

To achieve

Create a modern, seamless, inclusive, and secure Federal payment experience for the public that reduces costs, expands financial inclusion, and improves payment integrity. By September 30, 2025, Treasury will:

  1. Increase the electronic disbursement rate for non-tax Treasury-disbursed payments to 98.4% in FY 2025 compared with 98.2% in FY 2023.

  2. Increase the electronic disbursement rate for IRS individual tax refunds to 80.7% in FY 2025 compared with 79.7% in FY 2023.

  3. Increase the electronic collection rate for IRS individual and business tax receipts to 85.0% in FY 2025 compared with 83.0% in FY 2023.

*Increasing the percentage of non-tax disbursements and tax refund disbursements made electronically will convert an estimated 4.5 million paper checks to electronic during FY 2024 and FY 2025.

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