Tax payment

[tmurphy8078]

I filed my taxes two days ago and I owe money. I entered my bank info as instructed by Turbotax. The money has not yet been drawn from my account. How long does it take for that payment to go thru?

[HeatherPLO]

It depends on what status your return is in.  Is it still Pending?  The money will not be drafted if so.  For more details, please see the Help Article here under the topic Do You Owe Taxes?

[tmurphy8078]

I went on the IRS website and it says my 2021 return has not been processed (although it was accepted last Wednesday). So I just wait???

Tom

[DoninGA]

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@tmurphy8078 wrote:

I went on the IRS website and it says my 2021 return has not been processed (although it was accepted last Wednesday). So I just wait???

Tom

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After the tax return has been Accepted by the IRS (meaning only that they received the return) it will be in the Processing mode until the tax refund has been Approved and then an Issue Date will be available on the IRS website.
See this IRS website for federal tax refund FAQ's - https://www.irs.gov/refunds/tax-season-refund-frequently-asked-questions

[tmurphy8078]

It is not a refund but a substantial additional tax. That's why I'm surprised they didn't draw from my account right away. I would have figured they'd process additional taxes immediately.

[tmurphy8078]

I'm still looking for guidance here. I'm not getting a refund, I owe considerable taxes. In filing with Turbo Tax they have my bank information. I got the email from Turbo Tax saying my return has been accepted. I've checked the IRS website and they have my 2021 return.

They haven't yet drawn the money from my bank. Is this normal?

[tmurphy8078]

Maybe I replied wrong.

I'm still looking for guidance here. I'm not getting a refund, I owe considerable taxes. In filing with Turbo Tax they have my bank information. I got the email from Turbo Tax saying my return has been accepted. I've checked the IRS website and they have my 2021 return.

They haven't yet drawn the money from my bank. Is this normal?

[DoninGA]

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@tmurphy8078 wrote:

Maybe I replied wrong.

I'm still looking for guidance here. I'm not getting a refund, I owe considerable taxes. In filing with Turbo Tax they have my bank information. I got the email from Turbo Tax saying my return has been accepted. I've checked the IRS website and they have my 2021 return.

They haven't yet drawn the money from my bank. Is this normal?

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If you are not receiving a federal tax refund on the 2021 tax return then there will be NO status of the return on the IRS federal tax refund status website - https://www.irs.gov/refunds

Look at your 2021 Federal Tax Return Form 1040.  Is there an amount entered on Line 34 or is there an amount entered on Line 37?

[tmurphy8078]

I'm having trouble with how to communicate. I just replied to the email I got and now I'll try this link.

Line 37.

[DoninGA]

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@tmurphy8078 wrote:

I'm having trouble with how to communicate. I just replied to the email I got and now I'll try this link.

Line 37.

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Line 37 is for federal taxes owed.

The IRS does not provide a status of a tax return or the status of a payment on the IRS website.

Depending on how you paid the taxes owed either your bank statement or your credit card statement will show the payment when the IRS debits your account.

[tmurphy8078]

As I provided the bank info on my return I expected the IRS to pull the money from my account. Am I wrong in this?

[DoninGA · Accepted solution]

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@tmurphy8078 wrote:

As I provided the bank info on my return I expected the IRS to pull the money from my account. Am I wrong in this?

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If you entered your bank routing and account number for a direct debit of the taxes owed, the IRS will debit your account.  If you did Not provide a date for the debit from the account then the IRS will not debit the account until April 18, 2022. 

[tmurphy8078]

Thank you.