Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

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

cancel
Showing results for 
Search instead for 
Did you mean: 
user179676
New Member

Gave my bank account info to deduct what I owe for federal. Why did I get 1040 ES Payment voucher

how can I confirm my bank account info was taken and my account will be debited.
2 Replies
Critter
Level 15

Gave my bank account info to deduct what I owe for federal. Why did I get 1040 ES Payment voucher

Look at the 1040ES again carefully (there should be 4 of them) and they are for making estimated payments for the 2017 tax year  not paying off the 2016 balance due.


When will my tax payment go through?

During non-peak times, funds are usually withdrawn on the payment date you specify, assuming your e-filed return has already been accepted (received) by the IRS.

If that date happens to fall on a weekend or federal holiday, the funds are typically withdrawn the next business day.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 April 18 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 April 18 and you selected April 18 (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.


**** Make sure you set up the payment correctly ****

Check the printout or PDF of your return; look for the federal and state filing instruction sheet with the Turbotax logo. 

If you owed tax, they will show the payment information and how you decided to pay.  

>If you indicated pay by mail, then you need to mail in a check.  

>If you selected credit card, it will probably be processed in a couple of days.  

>If you selected debit from your bank account, that information is passed on to the state and IRS and they will do the debit when they process your return information -- usually 1-3 weeks for e-file and 3-4 weeks if mailed in.  

> If you also owe the state ... read the state payment instructions carefully since most states cannot be paid from within the TT system and requires additional steps. https://ttlc.intuit.com/questions/1900884-what-are-my-options-for-getting-my-state-refund-or-for-pay...


user179676
New Member

Gave my bank account info to deduct what I owe for federal. Why did I get 1040 ES Payment voucher

Thank You!!  I will watch my bank account!  Have a great night.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.63m
Discussions

Manage cookies
v