What are your options for paying your taxes?

On Behalf of | Apr 19, 2022 | IRS Tax Law

Residents of Austin, Texas, know that April 15 is tax day, although this year it falls on April 18. As a result, it’s helpful to know about the different payment options available for paying your taxes. That way, you can decide which one is the most convenient for you.

IRS Direct Pay website

The IRS Direct Pay website is one of the easiest ways to pay your taxes. You go to the site and enter your personal and banking information so that you can pay your taxes online. You can pay on the same day or even set it up so that automatic payments can be made on Tax Day.

Electronic funds withdrawal

Electronic funds withdrawal is another easy, convenient method for paying the IRS your annual taxes. It can be done while using tax software and allows you to enter your information so that the amount you owe in your taxes can be automatically deducted from your bank account. If you have an accountant, they can set up this method for you as well.

Personal check

If you prefer to do things the old-fashioned way, you can send a personal check for the amount of your taxes owed directly to the United States Treasury. You must include your full name, address, Social Security number and other important information.

Alternatives to a personal check for paying taxes are a cashier’s check or money order. However, if you choose to send a money order, you can only do so if you owe at least $1,000 in taxes.

Via smartphone

The IRS2Go app allows you to make your tax payment directly from your smartphone. Through the app, you can choose the IRS Direct Pay option and pay with your credit or debit card to satisfy your tax obligations.

Taxes can be stressful, but your stress can ease in knowing you have all these options for paying.