EFTPS Definition: Electronic Federal Tax Payment System

EFTPS (Electronic Federal Tax Payment System) is a free service provided by the U.S. Dept. of the Treasury. It enables taxpayers to pay taxes through the telephone or internet.

EFTPS Extended Definition
EFTPS is an abbreviation for Electronic Federal Tax Payment System. It is a service aimed at facilitating the process of federal tax payments. It allows both individuals and businesses to pay taxes either online or through telephone.

The service is available round the clock, seven days a week. Compared to making tax payments in person or by mail, EFTPS is more convenient and quick. The service is offered by the U.S. Dept. of Treasury.

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