SelvamTax
Returning Member

After you file

I believe it definitely has check boxes for account Type when there is REFUND for Direct Deposit (see below), but not for TAX DUE  by Tax payer for Direct Debit/ACH 

 

Refund 34 If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid . . 34
35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here . . . a 35a
Direct deposit?
See instructions.
a b Routing number a c Type: Checking Savings
a d Account number
36 Amount of line 34 you want applied to your 2022 estimated tax .. a 36

 

I got the Turbo Premier CD from COSTCO and used it for the first time, and faced this issue. If at all the Account type was asked by the software, I would have chosen Checking only where I kept enough money to pay tax dues (NOT Savings) .

 

By the way, what adverse implications are there if we set the Direct Debit date as 4/18/2022? If we don't make payment on the due date, won't IRS charge interest on the amount due?  After learning the payment didn't go through on 4/18/2022, I settled the full amount $4987 on 4/19/2022 by login to IRS website just one day after due date, but still the penalized me for dishonor of  Direct Debit the penalty now is $ 100.29