How to make a 941 payment?
You can pay the balance due shown on Form 941 by using several payment methods, which include:
- Electronic Federal Tax Payment System (EFTPS)
- Credit/Debit Card Payments
- Check/Money Order
- Electronic Funds Withdrawal (EFW)
If you prefer to pay by credit or debit card, you will be imposed with a processing fee by a payment processor. However, the IRS does not recommend to use a credit or debit card to make federal tax deposits.
TaxBandits offers a reliable and secure EFTPS solution for paying your balance due. Learn more
Electronic Federal Tax Payment System (EFTPS)
EFTPS, provided by the U.S. Department of the Treasury, is a secure way to pay federal taxes. With TaxBandits, you can easily register your business for EFTPS and make tax payments directly through our EFTPS solution while filing your return.
To make your Form 941 tax payments online, you need to register for an account with the IRS on the EFTPS website. Once you have a registered EFTPS account, you can schedule your payments for automatic withdrawal of your quarterly taxes, specifying the amounts and the dates of the payments.
File your return and make instant payments at no time. For more information on paying your taxes through TaxBandits EFTPS payment solution,
click here
Credit/Debit Card Payments
File your return early and make a payment by credit/debit card later. The payment date will be the date the IRS has accepted your return. Once the IRS has accepted your return, You can make credit or debit card payments within your TaxBandits account.
Our partnership with ACI Payments, Inc., a trusted payment provider, ensures fast, secure transactions. When you use this method, details from your previous Form 941 filing are automatically saved and pre-filled, eliminating the need for manual entry. Click here to learn how to pay the 941 balance due online using ACI Payments.
Payments through ACI Payments are accepted for balances less than $2,500. If your balance exceeds $2,500, please make the payment through EFTPS.
Check/Money Order
You may also choose to pay by check or money order. If you prefer this method, you can generate and download both Form 941 and Form 941-V (payment voucher) through TaxBandits.
Here’s how to proceed:
- Write a check or money order to the "United States Treasury."
- Include your EIN, Form 941, and the tax period on the check or money order.
- Print the payment voucher, Form 941-V.
- Do not staple or paper-clip the check to the forms.
- Mail the check, voucher, and completed Form 941 to the U.S. Treasury. The 941 mailing address depends on your state.
For more information on paying your taxes through cash, click here.
Electronic Funds Withdrawal (EFW)
For balances under $2,500, you can use the Electronic Funds Withdrawal (EFW) option. Provide your bank account number and routing number and the payment will be processed within 24 to 48 hours after filing.
By offering these convenient payment methods, TaxBandits ensures a smooth and hassle-free experience when paying your tax due.