With next Monday's tax deadline fast approaching for those who earn income from farming or fishing, the Internal Revenue Service is reminding these and other individual filers the new IRS Direct Pay tool offers taxpayers the fastest and easiest way to pay the taxes they owe.
Available at irs.gov/directpay, this free online tool allows individuals to securely pay their income tax directly from checking or savings accounts without any fees or pre-registration. More than 2.8 million tax payments totaling over $6.3 billion have been received from individual taxpayers since Direct Pay debuted last year during the tax-filing season.
Direct Pay offers individual taxpayers an easy way to quickly pay the amount due on their return or tax bill or make quarterly estimated tax payments without having to write a check, buy a stamp or find a mailbox, the IRS reports. Payments may be scheduled up to 30 days in advance.
Direct Pay is available 24 hours a day, seven days a week. Any taxpayer who uses the tool receives instant confirmation that their payment was submitted. More information about Direct Pay is available on IRS.gov.
Direct Pay cannot be used to pay the federal highway use tax, payroll taxes or other business taxes. Taxpayers who wish to e-pay their federal business taxes should enroll in the Electronic Federal Tax Payment System or click on the Pay Your Tax Bill icon on irs.gov to check out other payment options.
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Farmers and anglers who chose to forgo making quarterly estimated tax payments for 2014 generally must file their 2014 federal return and pay any tax due by Monday (the normal March 1 deadline is pushed back a day because this date falls on a Sunday this year).
