668720
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I asked that my taxes owed come out of my savings three weeks from now but I transmitted my returns just now. When will the money be deducted from my account?

I asked that the money due come from my savings account on 4/14/2017 but transmitted my forms, per TurboTax, today, 3/26/2017.  Will my tax due come out now or on my prescribed date?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
PaulaM
Employee Tax Expert

I asked that my taxes owed come out of my savings three weeks from now but I transmitted my returns just now. When will the money be deducted from my account?

If you chose a direct debit date when filing, then the funds would be withdrawn on the date you have chosen. To verify the date you selected for direct debit:

  • Sign into your account 
  • Select Taxes
  • My Tax Timeline
  • Scroll down to Some things You can Do
  • Select Download all forms and worksheets (on the right side of screen)
  • Open the pdf file, and scroll for the Federal Information Worksheet. Part V contains the Direct Deposit/Debit info

If you did not specify a date for a direct debit for your taxes, then the default date is the due date of your return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
PaulaM
Employee Tax Expert

I asked that my taxes owed come out of my savings three weeks from now but I transmitted my returns just now. When will the money be deducted from my account?

If you chose a direct debit date when filing, then the funds would be withdrawn on the date you have chosen. To verify the date you selected for direct debit:

  • Sign into your account 
  • Select Taxes
  • My Tax Timeline
  • Scroll down to Some things You can Do
  • Select Download all forms and worksheets (on the right side of screen)
  • Open the pdf file, and scroll for the Federal Information Worksheet. Part V contains the Direct Deposit/Debit info

If you did not specify a date for a direct debit for your taxes, then the default date is the due date of your return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question