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This May 31, 2012 file photo shows a man leaveing a 7-Eleven store with a Double Gulp drink, in New York. The Internal Revenue Service announced, Thursday, April 7, 2016 that taxpayers who need to make a payment in cash can now do so at 7-Eleven convenience stores.
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PORTLAND, Ore. >> The Internal Revenue Service said taxpayers who need to make a payment in cash can now do so at 7-Eleven convenience stores.
While it may seem unusual to pay your taxes where you might otherwise pick up a Slurpee, it caters to a large number of Americans who do not have a bank account or credit card. The Federal Deposit Insurance Corp. estimates 1 in 13 households in the U.S. do not have a bank account.
The IRS said last week that payments would be accepted at more than 7,000 7-Eleven stores nationwide.
Individuals who want to use this option should visit the IRS.gov payments page and follow instructions there for how to make cash payments. Taxpayers will receive an email confirming their information and, once verified by the IRS, a link with a payment code and instructions. They can then make a payment at a nearby store.
The tax deadline this year is April 18, but the IRS urges people to start early since paying in cash is a multistep process.
The 7-Eleven stores will provide a receipt for the payment, which usually posts to the taxpayer’s account within two business days. There is a $1,000 payment limit per day and a $3.99 fee per payment.