How do you pay quarterly taxes?


Quick Answer

The Internal Revenue Service offers several options to pay quarterly estimated taxes, as of November 2014. Pay with your bank account, debit card, credit card, Electronic Federal Tax Payment System, electronic funds withdrawal, wire payment, check or money order.

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Full Answer

  1. Sign up for IRS Direct Pay

    Use IRS Direct Pay to send money for your quarterly estimated tax payment. As of 2014, the agency instantly confirms when the IRS receives your payment. For added security, the U.S. Treasury does not retain your bank account information after a payment is made. Choose the Estimated Tax option to pay a quarterly tax bill and click Continue.

  2. Give the IRS your vital information

    Type your Social Security number or Individual Taxpayer Identification Number to the site. Other vital information required includes your filing status, name, address, phone number and date of birth.

  3. Verify your identity

    Input information from a previous tax year's information to verify your identity. This is a number the IRS already has on file, so be sure this is accurate and true.

  4. Input bank information

    Give the IRS your bank account and routing information for a checking account. The agency takes two days to process payments, and you get a confirmation number for future reference.

  5. Sign and confirm

    Electronically sign the document and confirm the payment. You can set up future payments with the IRS, but every time you pay quarterly taxes you must verify your identity again.

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