How do I pay my taxes online for old tax years?

January, 14 2021 by Jean Lee Scherkey, EA
Paying Taxes Online

I would like to pay taxes but not sure how to do so online. Taxes for 2018 in amount of 1504.00.

-Melinda

 

Dear Melinda,
 

What a relief it is to start the new year by saying goodbye to old debts. Congratulations!
 

There are a bevy of options available to taxpayers who want to make a payment to the IRS online. They even have an app for that! The choices are:
 


The California Franchise Tax Board (CA FTB) has three online payment options.
 


Which online payment option is the best? That depends on what you prefer. I recommend taking a look at each of the options to decide which one is right for you. If you are gathering points on your credit card for a unique purchase, then paying online via your credit card may be best for you, but be aware that the processing fee is between 1.87% and 1.99% of the payment for federal payment amounts. For the privilege of making a payment to the California Franchise Tax Board using plastic, the fee jumps to 2.3%.
 

If you are pinching pennies, you may want to make an IRS payment online through your checking or savings account through IRS Direct Pay, IRS Electronic Federal Tax Payment System, or IRS2GO App. The same holds true for California; taxpayers can schedule their payments to be automatically withdrawn from their bank accounts through CA Web Pay or the FTB Mobile App.
 

Whichever choice you make, know that ultimately, you are choosing financial freedom by kicking this debt to the curb.
 

Wishing you many happy returns,

Jean

Do you owe money to the IRS or State?

Get Professional Help Now!

CATEGORIES
View All Articles
TaxAudit Blog Home
Submit a Question
 
Jean Lee Scherkey, EA

Jean Lee Scherkey, EA
Tax Content Developer

 
Jean Lee Scherkey began her career at TaxAudit in 2015, and her current title is Tax Content Developer. She became an Enrolled Agent in 2005. For several years, Jean owned a successful tax practice and enjoyed helping clients year-round with tax preparation, planning, and representation. With over twenty years of varied experience in the field of taxation, Jean has worked at different private tax firms as a Staff Practitioner, Tax Analyst, and Researcher. Before coming to TaxAudit, she worked for over two years for TurboTax as an "Ask the Tax Expert." Presently, Jean is developing a focus on digital asset taxation. In addition to her work in TaxAudit’s Learning and Development Department, Jean enjoys writing about taxes so that people can gain more understanding and confidence about their finances.
 

Recent Articles

Some but not all tax debt relief companies are illegitimate. Those who are legit can provide relief and results that give you peace. Let's look at red flags.
Learn More ›
The actual amount of interest paid on loans taken from foreign lenders may be eligible for the student loan interest deduction. Let's explore more.
Learn More ›
A CP14I is issued when the IRS believes you did not withdraw the required minimum distribution from your IRA or made excess contributions to an IRA.
Learn More ›
Each stock option has its own characteristics and reporting is not the same. If there is employee withholding, the employer submits to the taxing authority.
Learn More ›
This blog does not provide legal, financial, accounting, or tax advice. The content on this blog is “as is” and carries no warranties. TaxAudit does not warrant or guarantee the accuracy, reliability, and completeness of the content of this blog. Content may become out of date as tax laws change. TaxAudit may, but has no obligation to monitor or respond to comments.