Tax payment

Forum|Forum|4 years ago
February 4, 2022
1 reply
41 views

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?

Best answer by DoninGA

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?

@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?

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.

HeatherPLO

Level 14

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?

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tmurphy8078Author

Level 2

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

Level 15

@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

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