How You Can Pay Your Taxes

    The deadline to file your Federal income Tax Return has been pushed back to May 17, but that time will pass very quickly. There is also no extension on paying taxes that are due. Individuals can pay by May 17, but those who own businesses, or are independent contractors need to pay by April 15. Paying taxes is mandatory, but you have a few options regarding how you pay them.

    When E-Filing your Tax Return, you have the option to add your bank account information to allow for an electronic funds withdrawal (EFT). This is done without charge and is the easiest way to make payments to the Internal Revenue Service (IRS). IRS Direct Pay is a service that allows Taxpayers to use their Savings or Checking account for electronic payments. This is a service that the IRS does not invite people to join, it must be requested. If you receive an email about it asking for information, it is a scam. Payments can also be made using credit or debit cards online and through the official IRS app. There are even certain places you can go to pay your taxes in cash. It might seem simple, but fees will apply and there is a process to follow at irs.gov to make this option work. Your Qualified Tax Professional can help you sort through the details and make sure you resolve any tax debt.

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