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wducey
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How long does it take for the money owed ti come out of my bank account?

 
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How long does it take for the money owed ti come out of my bank account?

If you successfully efiled  AND  requested the balance due to be debited from your bank account then the IRS/state can take several days if you requested the debit to happen on 4/18 as the IRS has millions of debits to process. 

View solution in original post

How long does it take for the money owed ti come out of my bank account?

If your return was accepted, then your payment information was sent.  Funds are usually withdrawn on the payment date you specify in TurboTax, assuming your e-filed return has already been accepted (received) by the IRS. If that date falls on a weekend or federal holiday, the funds are typically withdrawn the next business day.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, 2023 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 file your return (or extension) on or before April 18, 2023, and you select April 18, 2023 (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.

 

You can double check your banking information was correct.  

To check banking information with Online:

  1. Sign in to TurboTax. If you're already signed in, select Tax Home from the side menu
  2. Scroll down to Your tax returns & documents and select Show
  3. Select 2022, and then select Add a State (you're not actually adding a state, this just gets you into the right area)
  4. In the left menu, select Tax Tools
  5. Underneath Tax Tools, select Print Center
  6. Then select Print, save or preview this year’s return
  7. Now check the 2022 Federal return box and select Include government and TurboTax worksheets
  8. Select View or print forms

View solution in original post

2 Replies

How long does it take for the money owed ti come out of my bank account?

If you successfully efiled  AND  requested the balance due to be debited from your bank account then the IRS/state can take several days if you requested the debit to happen on 4/18 as the IRS has millions of debits to process. 

How long does it take for the money owed ti come out of my bank account?

If your return was accepted, then your payment information was sent.  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, 2023 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 file your return (or extension) on or before April 18, 2023, and you select April 18, 2023 (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.

 

You can double check your banking information was correct.  

To check banking information with Online:

  1. Sign in to TurboTax. If you're already signed in, select Tax Home from the side menu
  2. Scroll down to Your tax returns & documents and select Show
  3. Select 2022, and then select Add a State (you're not actually adding a state, this just gets you into the right area)
  4. In the left menu, select Tax Tools
  5. Underneath Tax Tools, select Print Center
  6. Then select Print, save or preview this year’s return
  7. Now check the 2022 Federal return box and select Include government and TurboTax worksheets
  8. Select View or print forms

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