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 The same holds true for California; taxpayers can schedule their payments to be automatically withdrawn from their bank accounts through CA Web Pay or the FTB Mobile App.
 

Grab some popcorn and get comfy because the IRS also provides a synopsis of their various payment options on video. 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

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Jean Lee Scherkey, EA
Learning Content Developer

 

Jean Lee Scherkey began her career at TaxAudit in 2015, and her current title is Learning Content Developer. She became an Enrolled Agent in 2005. For several years, Jean owned a successful tax practice that specialized in individual, California and trust taxation, and assisting those impacted by tax identity theft. With over fifteen 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 over two years for TurboTax as an “Ask the Tax Expert.” In addition to her work in TaxAudit’s Learning and Development Department, Jean is actively involved in the company’s ENGAGE Volunteer Program, which provides opportunities for employees to help and serve the local community.  


 

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