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My amount owed was to be deducted on 12 July from my checking account. This never happened. Why did the IRS not take the money owed?

 
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Level 15

My amount owed was to be deducted on 12 July from my checking account. This never happened. Why did the IRS not take the money owed?

 If your return was accepted,  only the IRS would know when they will deduct your taxes owed from your account.  As long as you filed on time, you are considered as paying on time even though the IRS has not deducted the amount yet.

 

When will my tax payment go through?

The federal tax file deadline for tax year 2019 has been extended to July 15, 2020, due to Coronavirus (COVID-19). Go here for more information about how taxes have been affected.

 

During non-peak times, funds are usually withdrawn on the payment date you specify, assuming your e-filed return has already been accepted (received) by the IRS.

 

If that date happens to fall on a weekend or federal holiday, the funds are typically withdrawn the next business day.

 

Now, if you filed right before (or on) the busy July 15, 2020 deadline, the IRS may not be able to debit your payment until after the deadline, due to high e-filing volume. In addition, it can take your bank another few days to post the debit to your account.

 

No worries; as long as you filed your return or extension on or before July 15, 2020 and you selected July 15, 2020 (or earlier) as your payment date, you won't get penalized for late payment.

 

In the meantime, keep an eye on your bank account — if you still don't see the debit 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, as appropriate.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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2 Replies
Level 15

My amount owed was to be deducted on 12 July from my checking account. This never happened. Why did the IRS not take the money owed?

 If your return was accepted,  only the IRS would know when they will deduct your taxes owed from your account.  As long as you filed on time, you are considered as paying on time even though the IRS has not deducted the amount yet.

 

When will my tax payment go through?

The federal tax file deadline for tax year 2019 has been extended to July 15, 2020, due to Coronavirus (COVID-19). Go here for more information about how taxes have been affected.

 

During non-peak times, funds are usually withdrawn on the payment date you specify, assuming your e-filed return has already been accepted (received) by the IRS.

 

If that date happens to fall on a weekend or federal holiday, the funds are typically withdrawn the next business day.

 

Now, if you filed right before (or on) the busy July 15, 2020 deadline, the IRS may not be able to debit your payment until after the deadline, due to high e-filing volume. In addition, it can take your bank another few days to post the debit to your account.

 

No worries; as long as you filed your return or extension on or before July 15, 2020 and you selected July 15, 2020 (or earlier) as your payment date, you won't get penalized for late payment.

 

In the meantime, keep an eye on your bank account — if you still don't see the debit 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, as appropriate.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

View solution in original post

Anonymous
Not applicable

My amount owed was to be deducted on 12 July from my checking account. This never happened. Why did the IRS not take the money owed?

what payment method did you select?  if you selected direct debit (selecting direct deposit is not the same - direct debit must be checked)  then as long as the routing number and bank account number were correct, it's not your problem. 

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