Will the 2021 estimated tax deadline be extended?

In response to the Coronavirus (COVID-19) pandemic, the Treasury and IRS issued new guidance that calls for a tax deadline extension, moving the customary April 15 deadline to May 17, 2021. Read more to learn about the relevant details and how they impact your situation.

Are estimated tax payments delayed for 2020?

This filing and payment relief includes: The 2019 income tax filing and payment deadlines for all taxpayers who file and pay their Federal income taxes on April 15, 2020, are automatically extended until July 15, 2020.

What are estimated taxes and when are they due?

Estimated tax is used to pay not only income tax, but other taxes such as self-employment tax and alternative minimum tax. When Estimated Tax Payments Are Due. Estimated tax payments are typically made quarterly as follows: January 1st – March 31st is due April 15th; April 1st – May 31st is due June 15th; June 1st – August 31st is due

What are the due dates for estimated taxes?

Calendar Year Filers: Return and payment due April 15; July 15; October 15; and January 15.

  • Fiscal Year Filers: Return and payment due the 15th day of the first month after each quarter.
  • Sum of estimated payments must equal at least 85% of tax liability and the amount paid approximate the quarter’s liability.
  • When to pay estimated tax?

    – “The extended child tax credit was a lifeline for many. Now it’s gone . . . – “The payments Williams and millions of other families leaned on ended in December . . . ” – “ . . . she grappled with the loss of that extra aid . – “. . . the last of the payments were made on Dec. – “ . . . – “ . . .

    When are estimated taxes due?

    There will be an automatic extension of the tax filing deadline for 2020 for federal taxes. An estimated tax payment due for 2021 will not be affected by the new federal filing deadline. Tax payment deadlines will remain April 15, 2021 as well as June 15

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