Categories: Resources

June Federal Estimate Has Been Moved

For estimated tax purposes, the year is divided into four payment periods. Each period has a specific payment due date. If you don’t pay enough tax by the due date of each payment period, you may be charged a penalty even if you’re due a refund when you file your income tax return at the end of the year.

If you mail your estimated tax payment and the date of the U.S. postmark is on or before the due date, the IRS will generally consider the payment to be on time. If you use IRS Direct Pay, you can make payments up to 8 p.m. Eastern time on the due date. If you use a credit or a debit card, you can make payments up to midnight on the due date.

Payment Period:                                               Due Date

January 1 – March 31                                           April 15 – See Filing and Payment Deadline Extended to July 15, 2020

April 1 – May 31                                                     June 15 – Extended to July 15, 2020

June 1 – August 31                                                September 15

September 1 – December 31                               January 15* of the following year.  January payment in Chapter 2

Fiscal Year Taxpayers                                            If your tax year doesn’t begin on January 1

Farmers and Fishermen                                        See Chapter 2 of Publication 505

hollie bourne

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