Here are all the online payment methods as approved by the IRS to pay your HVUT 2290 tax securely online.
What Are 2290 IRS Payment Methods?
When you eFile your 2290 returns with the IRS, you also need to pay the tax on the HVUT-eligible vehicles as computed for the taxable period. This 2290 tax can be paid online and offline. The IRS currently supports 5 payment methods to receive the 2290 tax from taxpayers.
These are the IRS 2290 HVUT Payment methods (also supported by EZ2290):
- Credit/Debit Card
- EFW or Direct Debit
- EFTPS
- Mail-In Checks
- ACH- Direct Bank Account Draft
In this discussion, let’s take a look at the functionalities and the pros and cons of these IRS 2290 tax payment methods.
So, let’s get started.
Credit/Debit Card
Making your HVUT payment by credit/debit card is the best way to save time, money, and effort. It’s also the most secure way to pay your taxes. The transaction will include your HVUT taxes (along with a processing fee) and transaction fees (depending on your eFile provider).
| Pros 👍 | Cons 👎 |
| It’s easy, convenient, and secure. | Impacts your credit score (for credit card payments). |
| Earn rewards for making payments with your card. | Convenience fees can be an extra burden. |
| Payment flexibility with no additional paperwork. | Higher interest rates. |
Note: If you’re thinking of paying your taxes online using a credit card, remember that the IRS offers payment plans to taxpayers who plan on making the tax payment within an extended period. Make sure that you commit to paying your dues before the payment plan expires to avoid additional interest and penalties.
EFW or Direct Debit
EFW is a convenient way to pay your HVUT. It allows you to pay your 2290 HVUT tax electronically and have it directly debited from your bank account. You don’t have to submit any vouchers to initiate the transactions.
By choosing electronic funds withdrawal, you save money on postage and receive your refund in 30 business days (if the payment fails or gets stuck).
| Pros 👍 | Cons 👎 |
| eFile and pay electronically in a single step. | Dependency on tax preparation software or tax preparer. |
| It’s a safe and secure 2290 tax payment option. | There is no instant proof of payment. You must review your bank statements to confirm the payment. |
| No additional charges or convenience fees. | Once your return is accepted by the IRS, your payment information cannot be changed. |
EFTPS
The EFTPS payment option is a fast and secure way to make your 2290 tax payment on time. Unlike EFW, the filer is responsible for scheduling the payment online. You will need to register with the EFTPS portal to initiate online 2290 tax payments.
| Pros 👍 | Cons 👎 |
| Schedule tax payments 365 days in advance. | Account creation takes about 2 weeks. |
| Change or cancel scheduled tax payments easily. | The filer has to manually authorize the payments after eFiling the forms. |
| Payment tracking with email notifications. | Once your return is accepted by the IRS, your payment information cannot be changed. |
Mail-In Checks
You can use a check or money order if you choose Check or Money Order as the payment option on your payment/checkout page. Include the daytime phone number, Form 2290, and the tax period on the back.
The check must be made out to the United States Treasury Department at the following address.
Internal Revenue Service
P.O. Box 804525
Cincinnati, OH 45280-4525
Print and enclose a copy of the Payment Voucher 2290-V along with the check.
| Pros 👍 | Cons 👎 |
| Instant stamped Schedule 1. | Printing and mailing charges for Form 2290-V. |
| Ideal for small businesses that are close to the IRS office. | If you’re filing for more than 25 HVUT vehicles, you’ll be redirected to electronic methods of filing and payment. |
| The check can be sent after the filing has been completed. | Checks sent via mail could be lost in transit. |
ACH- Direct Bank Account Draft
You can pay your HVUT 2290 tax using the ACH-Direct Bank Account Draft method.
You will need to submit a direct bank account draft to withdraw or debit the amount directly from your bank.
The following information would be necessary to pay your 2290 tax.
- Routing Number
- Account Number
- Account Type (Checking or Savings)
- Account Holder Phone Number
| Pros 👍 | Cons 👎 |
| Low transaction fees. | This is a US-only network and cannot be accessed by users from other countries. |
| Convenient same-day transfers. | Limits to transaction volume and amounts per week and month. This can be an issue if you have to file and pay taxes for multiple EINs. |
| Easy payment tracking. | Time limits and delays if you exceed the “cut-off” time. |
With the pandemic still limiting the normal functioning of financial institutions, people have shifted from offline tax payments to sleeker online payments.
The good news is that EZ2290 supports all of these payment methods, helping you eFile your 2290 forms and pay the 2290 tax due on your vehicles conveniently.
Sign up with us for free and start e-filing your 2290 forms securely.
If you don’t already know, EZ2290 is an IRS-authorized eFile provider, trusted by 10,000+ trucking businesses.
With EZ2290, you can:
- eFile 2290 forms securely in 3 easy steps
- Bulk eFile 2290 forms conveniently
- Automate 2290 calculations
- Fill out forms faster with the autofill feature
- Get free VIN Corrections
- Re-file rejected returns for free
- Get 24×7 priority 2290 support
Check the accuracy of your 2290 taxes with our smart 2290 tax calculator online now.
Calculate HVUT Now & eFile Form 2290 Online
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