Options for paying taxes online

By Kay Bell • Bankrate.com

Taxes » Tax Filing » Your Online Tax-paying Options

Consumers are increasingly comfortable with online bill paying. So it's no surprise that Uncle Sam also wants to cash in on electronic money moving.

Leading the way is the federal agency that has the most direct contact with working Americans: the IRS. Last year, nearly 126 million people filed electronically, many because they were due refunds that were processed more quickly because their tax data were sent online.

Now the IRS is working to convince taxpayers that they, too, should go the electronic route when it comes to paying up. The agency has entered into partnerships with the private

sector, including the banking industry, tax software developers and credit card processors, to make tax e-payments more appealing.

Here are the ways you can electronically move your money into the U.S. Treasury.

Credit card payments

Taxpayers can tell Uncle Sam to "charge it." And debit cards are part of the mix.

Official Payments, Link2Gov and WorldPay are the IRS-approved plastic processors. Each company accepts payments from electronic as well as paper filers, either via phone or the Internet, in Spanish as well as English.

American Express, Discover, MasterCard and Visa are accepted for charged payments. If you want to avoid potentially costly interest charges, the payment processors also accept some debit or check card payments.

Source: www.bankrate.com

Category: Taxes

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