You won't be able to split the payment between two credit cards using the TurboTax system during e-file. But, you can when you pay directly to the IRS. Select "Pay by check" when e-filing and a voucher for the full amount will be produced, which you can then ignore. After you e-file, you can use the website below to make two separate payments with a credit card directly to the IRS.
You won't be able to split the payment between two credit cards using the TurboTax system during e-file. But, you can when you pay directly to the IRS. Select "Pay by check" when e-filing and a voucher for the full amount will be produced, which you can then ignore. After you e-file, you can use the website below to make two separate payments with a credit card directly to the IRS.
Is the answer provided on June 4, 2019, still valid?
Thank you!
@beeria1 wrote:
Is the answer provided on June 4, 2019, still valid?
Thank you!
Yes, the answer is still valid.
What if I want to pay with multiple credit cards but still have a balance left over - can I send in the balance using a check ? Do I need to use the turbo tax printed voucher to do that ?
Yes. You don't need a Turbo Tax pre-Printed voucher. Just fill out a blank one for the check
Thanks for your quick reply/. However, doesn't this go against the max of 2 payments allowed per year by the IRs.
For instance, if I have a balance of 10,000 owed in taxes - and I put $4000 on 2 credit cards - am I still allowed to send in a check for the remaining $2000 ?
You can only make two payments to the IRS on their direct pay site per day, not per year. Making two payments using credit cards and then mailing a check for the remaining taxes is not a problem at all.
Can you make more than 2 tax payments in a given week?
I want to use my credit card to pay half, then pay it off, then use it again the next day.
It depends. To clarify, what do you mean by paying half, paying it off, then use it again the next day?
The user above asked about the limit of 2 payments per year. You stated that the limit is 2 payments per day. However the chart at
https://www.irs.gov/payments/frequ[product key removed]-by-type-of-tax-payment
States that the limit is 2 payments per year.
@J Curtis wrote:
The user above asked about the limit of 2 payments per year. You stated that the limit is 2 payments per day. However the chart at
https://www.irs.gov/payments/frequ[product key removed]-by-type-of-tax-payment
States that the limit is 2 payments per year.
IRS Direct Pay website - https://www.irs.gov/payments/direct-pay
IRS Direct Pay won't accept more than two payments within a 24-hour period, and each payment must be less than $10 million. For larger electronic payments, use EFTPS or same-day wire.
Check out the "Frequency Limit Table by Type of Tax Payment" at the IRS website. It seems when I post links they get edited so you can't click them......
All the different tax forms are listed on the page. They all state 2 per year limit. With certain exceptions for installments and other uncommon issues not your standard yearly tax payment for the current year. Here is the one for 1040 the table is a little jacked up because again it's being edited when I click post:
Frequency Limit Table by Type of Tax Payment
You can only apply debit card, credit card or cash payments to certain forms, payment types and tax years. Use the table below to find out which kinds of payments you can make using these methods, and how often you can make them.
Please note that you can’t use card or cash payment methods to make Federal Tax Deposits.
For information about the tax forms in the table below, visit Download IRS Forms and Instructions.
Tax Form Payment Type and Tax Year Limit
| Form 1040 | Current Tax Due | 2 per year |
| Current Tax Notice | 2 per year | |
Prior Tax Year | 2 per year | |
Proposed Tax Assessment | 2 per year | |
Installment Agreement | 2 per month |
This is the IRS link you were referring to - https://www.irs.gov/payments/frequency-limit-table-by-type-of-tax-payment
The discussion branched out in this thread. Only two payments can be made per year for taxes due on a Form 1040, etc. as noted in the table.
However, using the IRS payments website you can make 2 payments per day using Direct Pay regardless of where the payment is being applied. So in theory you could make two payments using Direct Pay for taxes owed on a Form 1040 in one day. But that would be the maximum number of payments as noted on the Table for a form 1040.
@DoninGA given your reply just now. Please refer to the post by Aztec earlier.
"Thanks for your quick reply/. However, doesn't this go against the max of 2 payments allowed per year by the IRs.
For instance, if I have a balance of 10,000 owed in taxes - and I put $4000 on 2 credit cards - am I still allowed to send in a check for the remaining $2000 ?"
So based on this scenario and the table both you and I referred to. The check for $2000 would be a violation?
@J Curtis wrote:
@DoninGA given your reply just now. Please refer to the post by Aztec earlier.
"Thanks for your quick reply/. However, doesn't this go against the max of 2 payments allowed per year by the IRs.
For instance, if I have a balance of 10,000 owed in taxes - and I put $4000 on 2 credit cards - am I still allowed to send in a check for the remaining $2000 ?"
So based on this scenario and the table both you and I referred to. The check for $2000 would be a violation?
Apparently it would be a violation. However, in reality it is extremely doubtful the IRS would refuse this third payment. But I have never had this happen personally so that is just my opinion.
OK, let's try to clarify this simply.
1. If you want to pay with a debit or credit card, or digital wallet (PayPal or Click to Pay) you are limited to two payments per period. The period changes depending on what you are paying. So if you are paying taxes for the year (last year, prior year or next year; or an installment agreement, estimated tax, or extension), you can only make two payments for the year. If you are paying for the quarter (for example, if you are paying estimated taxes for that quarter), you can make up to 8 payments for the year (4 quarters x 2 payments maximum for the quarter). Any other kind of tax filings and forms will probably not apply to you, but if they do, you are probably in such a complicated situation that you will need an accountant anyway, so don't worry about it. Please note that these payments are only handled by three companies with nearly identical rates (extra charges added to the amount owed to cover handling fees).
2. If you don't need or want to use method 1, your next best choice is probably direct payment/debit of the amount from your bank, either a checking or savings account. This is comparable to writing an electronic check (no paper needed). These payments are all limited to two per 24-hour period, regardless of the type of tax you are paying. This comes to virtually 730 payments a year (365 x 2), or 732 in a leap year. Not unlimited, but close enough. Hours are limited, presumably for maintenance and the like, but they are accessible every day, and most people are asleep when they are inaccessible. Oh, and this is where the $10 million limit comes in (doesn't apply to me, but again, if it applies to you, you should be on your yacht drinking martinis while your accounting department sweats this stuff). There is no charge for this, unless it comes from your bank.
3. Finally, there is the EFTPS, or Electronic Federal Tax Payment System. I only mention it as an alternative, even though no one asked about it. Also free, but you have to pre-enroll in the service to use it, since it asks for additional identifications (this is because it isn't used just to make a payment, but allows you to change or cancel scheduled payments, track payments, view up to 15 months of payment history, and get help with payments or questions from Customer Service Agents.
All of this information can be retrieved from the horse's mouth, at the IRS webpage https://www.irs.gov/payments/pay-your-taxes-by-debit-or-credit-card, with links to the various payment methods. Feel free to read it as often as you want.
As @luislast said, there is a difference between card (debit or credit) payments and direct pay. For example, for 1040 form/taxes due, the limit is 2 card payments per year, but 2 direct-pay payments per day.
For card payments, look at https://www.irs.gov/payments/frequ[product key removed]-by-type-of-tax-payment.
For direct pay, look at https://www.irs.gov/payments/direct-pay-help, expand question 6, "How often and how much can I pay".
I am pretty sure (99.99%) that one can combine these methods, i.e. send 2 card payments, and a few more direct-pay payments if needed.