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‹ July To-Do List ComicLab Ep 133 – What’s in a Name? Car... ›

Estimated tax payments due tomorrow

Your second-quarter taxes are due tomorrow. If you weren’t able to pay your first-quarter taxes, you may also file those without penalty.

WASHINGTON — The Internal Revenue Service reminds taxpayers that estimated tax payments for tax year 2020, originally due April 15 and June 15, are now due July 15. This means that any individual or corporation that has a quarterly estimated tax payment due has until July 15 to make that payment without penalty. In response to the COVID-19 outbreak, the Treasury Department and the Internal Revenue Service are providing special tax filing and payment relief to individuals and businesses. This relief applies to federal income tax returns and tax payments (including tax on self-employment income) otherwise due April 15, 2020. This relief does not apply to state tax payments or deposits or payments of any other type of federal tax.

IRS.gov
  • Form 1040-ES, Estimated Tax for Individuals, includes instructions to help taxpayers figure their estimated taxes.
  • Visit IRS.gov/payments to pay electronically.
  • IRS offers two free electronic payment options where taxpayers can schedule their estimated federal tax payments up to 30 days in advance with Direct Pay or up to 365 days in advance with the Electronic Federal Tax Payment System (EFTPS).

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by Brad Guigar on July 14, 2020
Posted In: Business
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