, Answering FAQ'sTurboTax Employee
With direct debit (not to be confused with direct deposit), the IRS or state tax authority automatically withdraws the full owed tax amount from your bank account.
Direct-debit for partial tax payments are not available, and the IRS only offers this payment option on e-filed returns. However, some states do offer direct debit on paper-filed returns.
As you go through the File section in TurboTax, you'll come across the direct debit option on your federal return (assuming you owe) and also on your state return (if you owe state tax and your state offers this option).
When does my payment get withdrawn?
Funds are usually withdrawn on the payment date you specified, assuming your e-filed return has been accepted (received) by the IRS.
If that date happens to fall on a weekend or federal holiday, the funds are usually withdrawn the next business day.
However, if you selected a mid-April withdrawal date, the IRS may not be able to process your debit until 1–4 days after that date, due to high volumes. In addition, it can take banks up to 5 days to post the debit to your account.
Don't panic. As long as you filed your return or extension before the April 15 deadline, and you selected April 15 (or earlier) as your withdrawal date, you won't get penalized. More info
Keep an eye on your bank account – if you 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.
What if my account has insufficient funds or I entered the wrong account?
Once your e-filed return has been accepted, it's too late to update your bank account information in TurboTax.
Call IRS e-file Payment Services at 1-888-353-4537 – they're open 24/7. You can also call that number to cancel a payment, or to report problems such as lost/stolen bank account numbers, closed bank accounts, or unauthorized transactions.
For problems with state tax payments, contact your state tax agency.
You may be penalized if your tax payment isn't received by the filing deadline, so don't delay.
- Options for Paying Your Federal Income Tax
- Payment and Refund Options for State Income Taxes
- How do I print Form 1040-V: Payment Voucher?