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During non-peak times, funds are usually withdrawn on the payment date you specify, assuming your e-filed return has already been accepted (received) by the IRS.
If that date happens to fall on a weekend or federal holiday, the funds are typically withdrawn the next business day.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-paying-any-state-taxes-i-owe
I filed the taxes February 21, 2021.
I completed the pay online with TurboTax however the money is still in my account.
ive tried to contact the IRS but can’t get threw
hell please
experiencing same - filed this past sunday - state and local have processed - update on federal processing delay would be appreciated turbotax ... thank you
Please be patient - the IRS will process your payment as quickly as they are able.
The IRS cannot debit your bank account any earlier than you authorized when filing, but they can wait as long as they want after that date. Presently, they are way behind in processing returns and issuing refunds because of ongoing changes in the tax code. It is reasonable to believe the same delays are occurring in payment processing.
According to the Washington Post (Mar 12, 2021):
Nearly 7 million tax filers are in limbo and facing substantial delays in getting refunds so far this tax filing season, as the Internal Revenue Service struggles to keep up with the demands of issuing stimulus checks and implementing myriad tax code changes from coronavirus relief packages, including the one President Biden signed this week.
There are 6.7 million returns that have not yet been processed, more than three times the number in the same period last year, when fewer than 2 million returns faced delayed processing, IRS data shows.
Will I accrue interest or penalty if I filed my return and paid any money owed prior to the deadline but the IRS debits my account after the deadline?
No, you will not be charged any penalties or interest it if takes the IRS longer to debit your account.
Take a look at the following TurboTax article for more information about this subject: When will my tax payment go through?
Mine is taking a while too and hasn't been debited from my account.
I have spoken to the IRS and they told me if they do not take the money from my account on or before May 17, 2021 I will have to pay a penalty and owe interest on the payment - even though I asked the IRS via TurboTax to take the payment from my checking account on April 8, 2021 - and money is STILL in the account.
Perhaps the person at the IRS wasn't accurate with their answer. This TurboTax Help article states that as long as you selected May17, 2021 or earlier as your payment date, you won't be penalized.
Mine was dated 4/7/2021 and still in my account as well. State took my $ real quick.
It is possible the IRS has not processed your return yet. Did you have unemployment benefits? Recovery Rebate credit? I would recommend getting a free transcript of your 2020 return through IRS.gov. There you can check on your return progress and see if any holds or codes are indicated. Click here to access your tax return information.
Transcript not available for 2020 on irs.gov. No, no unemployment benefits, recovery rebate, etc.
You may need to wait a bit longer for the system to update as sometimes it takes a little more time. The IRS has had to implement many changes in the last few weeks so they may be taking a bit longer. Trying using the following link to track your refund.
IRS processing time and refund status
The online link is your best option to track your refund. I have attached a link with more answers from the IRS as to why your refund may be taking longer to process.
I'm not receiving a refund though. I'm just trying to make a payment and it's odd that it's taken this long.
Check you Federal Filing instructions in TurboTax. From your Tax Home scroll down to "Your tax returns & documents" and select 2020. Select download/print return. Review the pdf for your electronic filing instructions and you should see the date and banking information for your direct debit.
You can also get a free transcript of your 2020 return through IRS.gov. There you can check on your return progress and see if any holds or codes are indicated. Click here to access your tax return information
If everything looks good with your banking information and there are no problems with your transcript, the IRS has till 5/17 to take your payment. Keep watching your bank account.
Thank you. I will check the IRS link you included in this update. - Rob.
Yeah again all of my info is there. State withdrew from my account quite fast. The date I selected to debit from my account was 4/5/2021. It's 4/13 now.
I am trying to make certain my routing and bank info is correct as well and when I go into my return, there is no instruction page at the beginning of my return like there has been in the past. So as of now I do not know how I am supposed to check the routing number or if the date is correct for the payment selection. Any ideas?
You can check your scheduled or pending payments and other account information on the IRS View Your Account Information site.
I ran into this issue the other day.
When you log onto Turbo Tax. Scroll down on the home page when you log in... and click "add state"
Obviously you wont "add another state"
But now on the left hand side you can see "Tax tools"
Click "Print Center"
Print your return and make sure to add the "Optional Turbo Tax Worksheets"
It should be there with the instructions and cover page.
And..... the IRS hasn't taken my money out either. Makes me nervous.
:(
When did you submit your return and what payment date did you enter?
I'm having the same issue. Filed on Apr 4th with same day payment date. IRS still hasn't debited my account
Same problem here, efiled on 4/3 with debit scheduled for the same day. Both state and federal were accepted and state (AZ) was withdrawn from my account the next day... 12 days later, no federal withdrawal yet.
I sat on hold with IRS EFTPS for over an hour to be told they have no additional information.