If you need to make a payment with your tax return this year, the IRS wants you to know about its payment options. Here are 10 important facts to help you make your tax payment correctly.

  1. Never send cash!
  2. If you file electronically, you can file and pay in a single step by authorizing an electronic funds withdrawal via tax preparation software or a tax professional.
  3. Whether you file a paper return or electronically, you can pay by phone or online using a credit or debit card.
  4. Electronic payment options provide an alternative to checks or money orders. You can pay taxes or user fees 24 hours a day, seven days a week. Visit the IRS website at www.irs.gov and search e-pay, or refer to Publication 3611, Electronic Payments for more details.
  5. If you itemize, you may be able to deduct the convenience fee charged for paying individual income taxes with a credit or debit card as a miscellaneous itemized deduction on Form 1040, Schedule A, Itemized Deductions. The deduction is subject to the 2 percent limit.
  6. If you file on paper, you can enclose your payment with your return but do not staple it to the form.
  7. If you pay by check or money order, make sure it is payable to the "United States Treasury."
  8. Always provide on the front of your check or money order your correct name, address, Social Security number listed first on the tax form, daytime telephone number, tax year and form number.
  9. Complete and include Form 1040-V, Payment Voucher, when mailing your payment to the IRS. Double-check the IRS mailing address. This will help the IRS process your payment accurately and efficiently.
  10. For more information, call 800-829-4477 and select TeleTax Topic 158, Ensuring Proper Credit of Payments. You can also find out more in Publication 17, Your Federal Income Tax and Form 1040-V, both available at www.irs.gov or by calling 800-TAX-FORM (800-829-3676).

TaxACT's interview walks you through Forms 1040-V and 1040-ES to help you pay and file your tax return quickly and easily. Start your TaxACT Online return now.


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Upcoming Tax Dates

October 10 — Everyone
Federal Holiday (Columbus Day) - Details

October 11 — Employees who work for tips
If you received $20 or more in tips during September, report them to your employer - Details

October 13 — Communications and air transportation taxes under the alternative method (special September deposit rule).
Deposit the tax included in amounts billed or tickets sold during the period beginning September 12 and ending September 15.

October 14 — Regular method taxes (special September deposit rule).
Deposit the tax for the last 4 days of September.

October 17 — Individuals
If you have an automatic 6-month extension to file your income tax return for 2015, file Form 1040, 1040A, or 1040EZ and pay any tax, interest, and penalties due - Details

October 17 — Partnerships
Electing large partnerships: File a 2015 calendar year return (Form 1065-B). This due date applies only if you were given an additional 6-month extension - Details

October 17 — Social security, Medicare, and withheld income tax
If the monthly deposit rule applies, deposit the tax for payments in September.

October 17 — Nonpayroll withholding
If the monthly deposit rule applies, deposit the tax for payments in September.

October 26 — Communications and air transportation taxes under the alternative method.
Deposit the tax included in amounts billed or tickets sold during the last 15 days of September.

October 28 — Regular method taxes
Deposit the tax for the first 15 days in October.

October 31 — Certain small employers
Deposit any undeposited tax if your tax liability is $2,500 or more for 2016 but less than $2,500 for the third quarter.

October 31 — Federal unemployment tax
Deposit the tax owed through September if more than $500.

October 31 — Form 720 taxes.
File Form 720 for the third quarter of 2016.

October 31 — Wagering tax
File Form 730 and pay the tax on wagers accepted during September.

October 31 — Heavy highway vehicle tax
File Form 2290 and pay the tax for vehicles first used in September.

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