Hello, I filed for an extension 3 days ago, selected direct debit as the way to pay my estimated taxes, and set the withdraw for the same date. On the tame day I got an e-mail from turbotax saying the extension was approved, but up until now I don't see the information reflected on the IRS website, not my I see the withdraw from my account. So I'm looking for 3 pieces of information here:
1. How long does it take for the extension to be reflected in the IRS website?
2. How long does it take for the money to be withdrawn from my account and appear in the IRS website?
3. How do I check the account information I entered in turbo tax to make sure I have the correct values set? (I haven't filed the actual taxes yet, just the extension).
Thanks.
1) The IRS website will not show the extension nor does it show when a payment is withdrawn.
2) When will my tax payment go through?
Funds are usually withdrawn on the payment date you specify in TurboTax, assuming your e-filed return has already been accepted (received) by the IRS. If that date falls on a weekend or federal holiday, the funds are typically withdrawn the next business day.
If you file right before (or on) the busy April 18, 2022 deadline, the IRS may not be able to debit your payment until after the deadline due to high e-filing volume. Additionally, it can take your bank another few days to post the debit to your account.
Don't worry. As long as you filed your return (or extension) on or before April 18, 2022, and you selected April 18, 2022 (or earlier) as your payment date, you won't get penalized for late payment.
If you still don't see the debit in your bank account 7–10 days after your return has been accepted, call IRS e-file Payment Services at 1-888-353-4537 or contact your state tax agency.
3) Where can I find my direct deposit account information after I've e-filed?
You can find your direct deposit account info on your Tax Return Summary.
The IRS issues most refunds in less than 21 calendar days. However, it's taking the IRS more than 21 days to issue refunds for some 2021 tax returns. You can track your refund with the Where's My Refund? tool from the IRS.
1) The IRS website will not show the extension nor does it show when a payment is withdrawn.
2) When will my tax payment go through?
Funds are usually withdrawn on the payment date you specify in TurboTax, assuming your e-filed return has already been accepted (received) by the IRS. If that date falls on a weekend or federal holiday, the funds are typically withdrawn the next business day.
If you file right before (or on) the busy April 18, 2022 deadline, the IRS may not be able to debit your payment until after the deadline due to high e-filing volume. Additionally, it can take your bank another few days to post the debit to your account.
Don't worry. As long as you filed your return (or extension) on or before April 18, 2022, and you selected April 18, 2022 (or earlier) as your payment date, you won't get penalized for late payment.
If you still don't see the debit in your bank account 7–10 days after your return has been accepted, call IRS e-file Payment Services at 1-888-353-4537 or contact your state tax agency.
3) Where can I find my direct deposit account information after I've e-filed?
You can find your direct deposit account info on your Tax Return Summary.
The IRS issues most refunds in less than 21 calendar days. However, it's taking the IRS more than 21 days to issue refunds for some 2021 tax returns. You can track your refund with the Where's My Refund? tool from the IRS.