Carleigh Machock provides advice on how to pay online.
In a world that is dependent on mobile banking, quick money transfers and instant online payments, taxpayers want a fast and easy way to pay the IRS. It’s taxing enough to organize finances, let alone figure out what information is required to be sent out with a paper check. Before you dust off your checkbook and search for a postage stamp, check out these online IRS payment options.
Direct Pay is a web-based payment system which allows taxpayers to pay their income tax balance or estimated payments directly from a checking or savings account. There are no additional processing fees. In order to make a payment, taxpayers are required to provide their tax information, verify identity, enter bank account information, and enter an electronic signature. An email confirmation is delivered when a payment is submitted. Payments may be scheduled up to 30 days in advance. There is a payment lookup option available to check the status of, cancel or reschedule an unprocessed payment. To make a payment through Direct Pay, visit https://www.irs.gov/payments/direct-pay.
Third Party Processors:
Taxpayers also have the option to make a payment with a debit or credit card. The IRS uses a third party processor for these types of transactions and gives the taxpayer the option to choose which processor to make a payment through: Pay1040.com; PayUSAtax.com; OfficialPayments.com/fed. Fees apply to each transaction. If using a debit card, fees are around $4 per transaction. Credit card processing fees start around 2% of the tax balance paid. Similar to Direct Pay, taxpayers will be required to submit their tax information. Third party sites are secure and easy to use. Visit https://www.irs.gov/payments/pay-taxes-by-credit-or-debit-card if you wish to use a debit or credit card.
First quarter tax estimates are due April 18. Be sure to take advantage of the online payment system the IRS has to offer.