Filed Your Taxes and Need to Pay Your Tax Balance Due?

Your taxes are done and you notice you have a balance. How do you get Uncle Sam the money? What are your options if you are not able to pay in full? It’s a simple process and below, we share all you need to know to get started.

E-file and Pay the Balance Due Together

You can pay when you e-file using your checking or savings account.

Before tax professional submits your tax return, let them know that you’d like to pay electronically when filing. You will provide them with the following:

• your bank account routing and account numbers

• the amount you would like to pay

• the date that you want it to be paid

Using this method ensures your balance due gets paid once your tax return in filed. This option saves you a step and, once you sign, you’re done.

Pay the balance on the IRS website

Some folks like to take matters into their own hands. If that’s you, can pay your tax bill online by visiting the IRS website. There you will find options to pay from your bank account or using a debit card, credit card or digital wallet like PayPal. If you go this route, you’ll need to do the following:

• Create an IRS Online Account or login to your existing account

• View the amount you owe

• Make a payment

Set up a payment plan at with the IRS

Perhaps your balance is more than what you were expecting or you are currently managing your cash to prioritize other goals and obligations. In either case you can make a partial payment or set up an installment plan to pay the bill over time. Keep in mind, that if you go with this option, you will be assessed penalties and interest until the balance due is paid in full. It’s a simple process and you can get started by clicking here.

Mail it in

It may be hard to believe but, if you’ve got checks you’d like to use and stamps too, you can write out a check and mail it in. The mailing address for individual tax returns and payments will be indicated on the return prepared for you by your tax professional.