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IRS Expands Cash Payment Options

The Internal Revenue Service says it has expanded its list of retail partners who accept cash payments for federal taxes. This cash payment option is available for individual and business taxpayers alike.

The IRS has a continuing partnership with ACI Worldwide’s OfficialPayments.com and the PayNearMe Company that allows taxpayers to make their tax payments without a bank account or credit card. They can do so at participating 7-Eleven stores, Ace Cash Express and Casey’s General Stores nationwide.

Taxpayers wishing to use the cash payment option should:

  • Go online to the gov/payments webpage;
  • Select the cash option in the “Other Ways You Can Pay” section;
  • Follow the directions.
  • NOTE: There is a $1,000 payment limit per day and a $3.99 fee for each payment.

The PayNearMe process involves three steps, so the IRS strongly recommends cash payers choosing this option to start the process well ahead of any tax deadline to avoid interest and penalty charges.

For taxpayers who do not have a need to pay in cash, there are other options to pay online, by phone or with a mobile device and the IRS2Go app.

IRS Direct Pay is a secure online payment option that allows taxpayers to pay directly from their bank accounts — and it’s free. The IRS has partnered with Official Payments since 1999 for taxpayers who want to use a credit card to pay their tax bill.

The IRS reminds all taxpayers to be aware of email schemes. Taxpayers will only get an email from OfficialPayments.com or PayNearMe if they have initiated the payment process.

Story provided by TaxingSubjects.com