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epark8
New Member

What company does turbo tax use when paying federal tax

credit card payment federal tax
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6 Replies

What company does turbo tax use when paying federal tax

I highly recommend you pay directly on the fed or state websites as the fees will probably be lower ... 

 

www.IRS.gov/pay  

What company does turbo tax use when paying federal tax

@epark8 - if you use your credit card to pay federal tax, the company that pays the money to the IRS is the company named on the back of your credit card, "your bank".

 

what are your really trying to understand? 

 

it is best to simply pay at the IRS website - no fees. 

 

 

What company does turbo tax use when paying federal tax

Turbo Tax doesn't pay your tax.  They only send the payment info you enter to the IRS.  

 

How to pay the IRS
https://ttlc.intuit.com/community/tax-payments/help/how-can-i-pay-my-federal-taxes/01/26212


Or Pay the IRS directly at
https://www.irs.gov/payments

 

Carl
Level 15

What company does turbo tax use when paying federal tax

When you owe taxes, TurboTax does not act as a middleman in that transaction. When you enter payment information on your tax return, that information is forwarded to the taxing authority and the taxing authority debits directly using whatever payment method you chose.

What company does turbo tax use when paying federal tax

What was being asked was what THIRD PARTY PROCESSOR does TT use for sending CC payments to the IRS  ... I don't know but it would be cheaper by going to the IRS site directly.  

 

payment options 2022 - 3.jpg

 

 

IRS site fees ... CC is cheaper than Debit cards  but  direct pay is free  https://www.irs.gov/payments/direct-pay

 

 

1b.jpg

 

 

What company does turbo tax use when paying federal tax

maybe the confusion is that when you pay with a credit card, there are multiple parties involved - and that is true  whenever you use your credit card.

 

There is the 'processor' - they just send the information from the website to the credit card issuer.   The information normally travels on the VISA or MASTERCARD networks.  Each take a small fee for providing the service. 

 

The issuer is normally your bank and is the name listed on the back of the plastic card issued to you.  THEY send the money from THEIR own account to whomever you ask to be paid.   THe issuer is the company that bills you (Your credit card statement) and is taking the risk that you will repay them for what you just borrowed. 

 

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