What is the maximum balance due that you can pay using the EFW method?
300 views | Last modified 10/30/2023 6:33:37 AM EST | Added by TaxBandits Team

Applicable To
94X 1099 W-2 ACA W-4

EFW (Electronic Funds Withdrawal) is an IRS-provided safe e-file/e-pay payment method for paying your federal taxes online.

Only if you submit federal taxes using tax preparation software, online tax filing products, or a tax professional can use this payment option. It allows you to generate and submit multiple direct debit payment requests. The amount will be deducted from your registered bank account within 2 or 3 business days.

Balance due limit to pay through EFW

You can pay the balance due using the EFW payment method if your balance due is equal to $2,500 or less than that on the particular return. If the total tax amount is above $2500, the EFW payment will not be available. So, you should make payment using EFTPS, Credit, or Debit Card.

TaxBandits support the EFW payment method

After you fill out Form 941 details, TaxBandits will audit the form and let you select the IRS tax payment mode. You can choose the EFW payment method if your Balance Due is $2500 or less. You will then be prompted to complete the payment and transmit Form 941 to the IRS.

Note: If the total tax due is greater than $2500, then the EFW payment will be disabled. You are allowed to make payments only through any one of the following payment methods - EFTPS, Credit Card, and Debit Card

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