What is the limit to pay the balance due by the EFW payment method?
71 views | Last modified 7/16/2020 4:43:27 AM EST

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

Electronic Funds Withdrawal, commonly known as EFW, is a secured e-file/e-pay payment method provided by the IRS to pay your federal taxes online. The payment method is available only if you file federal taxes through the tax preparation software, online tax filing products, or a tax professional. It allows you to generate and submit more than one payment request for direct debit. The amount will be deducted from your registered bank account.

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.

TaxBandits support the EFW payment method

Once you have filled out the details on Form 941, 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. Then, you will be navigated to complete the payment and transmit the Form 941 to the IRS.

Note: If the total tax amount is above $2500, then the EFW payment will be disabled. Thus, you can choose from the available payment mode, such as EFTPS, Credit, or Debit Card. 

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