Question

Limit on Amount Due to pay online through TurboTax

Forum|Forum|4 years ago
March 21, 2022
2 replies
0 views

I would like to know while e-filing my Federal taxes, is there any limit in TurboTax software on the amount due to the IRS that I can pay by direct debit? I have a special case where I need to pay AMT taxes for ISO stock options exercised and the tax bill due is over $500,000.

Will I be able to e-file my Federal taxes with TurboTax in this case? Please let me know what is the maximum amount of tax due that I can pay through TurboTax online as part of e-filing.

Thanks,

Mridul

W

wbraden3

Employee

I haven't seen any limit mentioned in the program. Maybe check with your bank, but I suspect it's okay.

F

FangxiaL

Another option is to pay directly on the IRS website. The IRS Direct Pay won't accept more than two payments within a 24-hour period, and each payment must be less than $10 million.

Direct Pay with Bank Account.

@mridulx

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M

mridulAuthor

My question is whether I can e-file using TurboTax.

W

wbraden3

Employee

You can e-file through TT. I thought your question was whether you could pay the large amount as part of your e-filing. I think yes, but if somehow not, just sign up for eftps.gov . I don't think the government will turn down your money!