There are a few different ways you can pay your Federal taxes: mail (yuck), online through Direct Pay (doesn't require you to set up an account), and EFTPS (requires an account, but has extra perks).
We're going to talk about EFTPS today.
What is EFTPS?
EFTPS or Electronic Federal Tax Payment System (say that 5 times fast) is a free service provided by the United States Department of the Treasury that allows taxpayers to put together a tax payment either by telephone or online. But seriously, who uses the phone when there's an online option? This system is accessible every day of the week, 24 hours a day - unlike the IRS call centers.
This system can be utilized by individuals or corporations seeking to make payments on income taxes. The main benefit is the convenience of making a secure payment at a scheduled time.
Do I need an account on EFTPS?
You are not required to enroll in EFTPS, but there is a perk we'll discuss below.
Even if I'm...