How to pay the IRS now
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How to pay the IRS now
Haven't finalized my taxes but have a good estimate on what I know, which is not chump change (at least for me). I want to get this $$ out of my checking account and into the government coffers so psychologically I know that this chunk of money is not "mine."
My question: how do I pay right now vs. sending in a check with my taxes, which will most definitely be a last-minute filing? Can I make a payment online?
My question: how do I pay right now vs. sending in a check with my taxes, which will most definitely be a last-minute filing? Can I make a payment online?
Re: How to pay the IRS now
Yes you can.
I opened an account at www.eftps.gov which I use for payments such as this. It can also be used to schedule your quarterly estimated payments, if applicable. Very convenient.
I opened an account at www.eftps.gov which I use for payments such as this. It can also be used to schedule your quarterly estimated payments, if applicable. Very convenient.
"Happiness Is Not My Companion" - Gen. Gouverneur K. Warren. |
(Avatar is the statue of Gen. Warren atop Little Round Top @ Gettysburg National Military Park.)
Re: How to pay the IRS now
https://www.eftps.com/eftps/
You can make payments to IRS at above site
You can make payments to IRS at above site
Re: How to pay the IRS now
+1 Additionally, I use it for quarterly tax payments which I carefully estimate and schedule at the beginning of the tax year. Being retired income is fairly constant so it's not difficult. When something happens and I think I'll be short I will schedule an additional payment. This year's refund was $38 so I guess I project reasonably accurately.samsoes wrote: ↑Fri Mar 22, 2019 8:37 amYes you can.
I opened an account at www.eftps.gov which I use for payments such as this. It can also be used to schedule your quarterly estimated payments, if applicable. Very convenient.
Re: How to pay the IRS now
How is your credit?
You might want to apply for a good rewards card and charge the payment to IRS on this card. The reward on the payment will cancel out the increased fees, most likely, but the BONUS is yours to keep.
Lessens the sting just a bit
You might want to apply for a good rewards card and charge the payment to IRS on this card. The reward on the payment will cancel out the increased fees, most likely, but the BONUS is yours to keep.
Lessens the sting just a bit
Re: How to pay the IRS now
When you discover that you are riding a dead horse, the best strategy is to dismount.
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Re: How to pay the IRS now
"directpay" sounds, well, more direct. What then is the advantage of EFTPS over directpay?jebmke wrote: ↑Fri Mar 22, 2019 11:42 amYou can also use directpay. EFTPS takes some time to setup.
https://www.irs.gov/payments/direct-pay
Thank you all for the input!
Re: How to pay the IRS now
I use BOA travel reward visa with 2.65% reward.
Re: How to pay the IRS now
I know it doesn't answer your question, but what I did is, I opened a sub-account (savings at Ally) just to park the money I owe the IRS. When I filed, I told them to take the money directly from that account on April 15th. That way the money is out of my regular accounts, and in my mind it's already spent. And it'll earn me some $20 in the meantime (I filed early February).
Re: How to pay the IRS now
Yes, you can make a payment online. Google estimated tax payments. You type in some information and 2018 as the tax year and boom! they are paid.DarkHelmetII wrote: ↑Fri Mar 22, 2019 8:34 amHaven't finalized my taxes but have a good estimate on what I know, which is not chump change (at least for me). I want to get this $$ out of my checking account and into the government coffers so psychologically I know that this chunk of money is not "mine."
My question: how do I pay right now vs. sending in a check with my taxes, which will most definitely be a last-minute filing? Can I make a payment online?
Re: How to pay the IRS now
Sounds like EFTPS can accept payments > $10 million, Direct Pay cannot. For you and me, nil.DarkHelmetII wrote: ↑Fri Mar 22, 2019 11:46 am"directpay" sounds, well, more direct. What then is the advantage of EFTPS over directpay?jebmke wrote: ↑Fri Mar 22, 2019 11:42 amYou can also use directpay. EFTPS takes some time to setup.
https://www.irs.gov/payments/direct-pay
Thank you all for the input!
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Re: How to pay the IRS now
Yes. Register with www.eftps.govDarkHelmetII wrote: ↑Fri Mar 22, 2019 8:34 amHaven't finalized my taxes but have a good estimate on what I know, which is not chump change (at least for me). I want to get this $$ out of my checking account and into the government coffers so psychologically I know that this chunk of money is not "mine."
My question: how do I pay right now vs. sending in a check with my taxes, which will most definitely be a last-minute filing? Can I make a payment online?
Have used this many times. IN fact I made an estimated tax payment for 2019 this morning.
Easy and fast. No need for checks any longer.
John C. Bogle - Two Fund Portfolio: Total Stock & Total Bond. "Simplicity is the master key to financial success."
Re: How to pay the IRS now
Weirdly enough, if you don't do this very often, you can just mail a check today. Print a 1040-V and mail it with a check. I'm developing an aversion to more accounts, more logins, more secret passwords...
https://www.irs.gov/payments/pay-by-che ... oney-order
https://www.irs.gov/payments/pay-by-che ... oney-order
Salvia Clevelandii "Winifred Gilman" my favorite. YMMV; not a professional advisor.
Re: How to pay the IRS now
Come on...checks are so 20th century...CAsage wrote: ↑Sat Mar 23, 2019 11:14 amWeirdly enough, if you don't do this very often, you can just mail a check today. Print a 1040-V and mail it with a check. I'm developing an aversion to more accounts, more logins, more secret passwords...
https://www.irs.gov/payments/pay-by-che ... oney-order
(Now where's my hoola-hoop...?)
"Happiness Is Not My Companion" - Gen. Gouverneur K. Warren. |
(Avatar is the statue of Gen. Warren atop Little Round Top @ Gettysburg National Military Park.)
Re: How to pay the IRS now
Signed up to the EFTPS years ago, but direct pay is a thousand times more practical. I don’t even know my eftps login info anymore.
Mailing a check costs you a stamp, the envelope, and the chance that it does not get there (or that it does and they lose it).
Mailing a check costs you a stamp, the envelope, and the chance that it does not get there (or that it does and they lose it).
Re: How to pay the IRS now
Plus the check has your routing number and the IRS likes your SSN written on the check, both of which would be very valuable if stolen along the way.Thesaints wrote: ↑Sat Mar 23, 2019 11:27 amSigned up to the EFTPS years ago, but direct pay is a thousand times more practical. I don’t even know my eftps login info anymore.
Mailing a check costs you a stamp, the envelope, and the chance that it does not get there (or that it does and they lose it).
Yikes!

"Happiness Is Not My Companion" - Gen. Gouverneur K. Warren. |
(Avatar is the statue of Gen. Warren atop Little Round Top @ Gettysburg National Military Park.)