What is the Electronic Federal Tax Payment System (EFTPS)?

Updated on January 8, 2023

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EFTPS definition and meaning

The Electronic Federal Tax Payment System (EFTPS) is a free service of the US Department of the Treasury that allows taxpayers to make IRS payments digitally. Businesses, individuals, tax advisors, and payroll companies can complete tax payments online through the EFTPS website or by phone.


More about EFTPS

EFTPS can be used instead of traditional mail, which speeds up payments and requires less paperwork. There are no laws requiring that any person or business enroll in EFTPS, but many business owners and accountants prefer it to sending checks through the mail.

Individuals can schedule estimated and other tax payments up to 365 days in advance, and businesses can schedule payments 120 days in advance. Recurring payments can be scheduled on a weekly, biweekly, monthly, and quarterly basis.

Examples of payments that can be made through the EFTPS website include corporate taxes, self-employment taxes, and payroll taxes, including Federal Insurance Contribution Act taxes (FICA).

You don’t have to wait to make payments: individuals can schedule estimated and other tax payments up to 365 days in advance and businesses can schedule 120 days in advance. Payments can be scheduled weekly, biweekly, monthly, and quarterly.


Who runs the EFTPS?

The US Department of the Treasury runs the EFTPS. It is available 24 hours a day, seven days a week.

Using EFTPS in a sentence

“We’re using OnPay online payroll services, and they handle everything for our company’s payroll taxes for us using the EFTPS. ”

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It’s easy to get started

Try OnPay out yourself to see how easy payroll and HR can be. To get started, just share a few basic details about your business. Our team of pros will set everything up and import your employees’ information for you.

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