I owe taxes this year. When will turbo tax deduct ...
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
rathgar14
New Member

I owe taxes this year. When will turbo tax deduct the tax payment from my account?

The service is already paid for, I'm asking specifically about my tax bill. Filled a few days ago and told TT to deduct amount owed that day. Funds have not been withdrawn. Last year I owed and HRB didn't take funds until the day after taxes where due. Just curious if TT does the same thing.
2 Replies
DanaB27
Employee Tax Expert

I owe taxes this year. When will turbo tax deduct the tax payment from my account?

If you entered that you want to amount withdrawn then the IRS will withdraw the amount on the date selected. If you selected the same day as e-filed it might be a few days until the funds are withdrawn.

 

You can view your balance and payment activity at the IRS Paying Your Taxes site.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
rjs
Level 15
Level 15

I owe taxes this year. When will turbo tax deduct the tax payment from my account?

TurboTax and H&R Block do not withdraw your tax payment from your bank account. The IRS withdraws it. Sometimes it takes them a few days, and I don't think they make any withdrawals on weekends. Your payment will be credited as of the date that you specified, even if the IRS doesn't withdraw it until a few days later.

 

Dynamic AdsDynamic Ads
v
Privacy Settings