This guide provides an overview of some of the most significant tax law changes going into effect this year and other key tax provisions you need to be aware of. It offers a variety of strategies for minimizing your taxes in the current tax environment.
Easily view the 2023-2024 Tax Planning Guide and navigate through various topics.
Make sure you have all of the important tax dates down in your calendar.
Direct Pay is a new web-based system available on IRS.gov that allows you to pay tax bills and estimated tax payments directly from your bank account without any fees or pre-registration. With this feature, the taxpayer receives instant confirmation that the payment was submitted, and the system is available 24 hours and 7 days a week. This option is only available for 1040s and restricts users’ ability to review payment history or cancel payments.
The Electronic Federal Tax Payment System (EFTPS) is a free service from the U.S. Department of the Treasury. All federal taxes (individual, trust, corporation, etc.) can be paid using EFTPS. This is the same system that businesses use for payroll, income taxes and federal tax deposits. The EFTPS requires users to make an account, therefore allowing them to track or cancel payments.
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