Changes to 1st Qtr 1040-ES Payment ?

Forum|Forum|5 years ago
March 18, 2021
1 reply
0 views

Given that the IRS just announced on Mar 17th that the deadline for filing taxes is going to be May 15th instead of April 15th, does that change the deadline for paying your 1st quarter 2021 Estimated taxes also? I just updated my Turbotax software this morning (March 18th) and the 1040-ES 1st qtr form still says April 15th. Perhaps that just has not been changed yet in Turbotax desktop software? Or is the due date still April 15th for that?

SteamTrain

Employee

Nope, 15 April

"This relief does not apply to estimated tax payments that are due on April 15, 2021. These payments are still due on April 15. Taxes must be paid as taxpayers earn or receive income during the year, either through withholding or estimated tax payments. In general, estimated tax payments are made quarterly to the IRS by people whose income isn't subject to income tax withholding, including self-employment income, interest, dividends, alimony or rental income. "

_______________________________________________________

https://www.irs.gov/newsroom/tax-day-for-individuals-extended-to-may-17-treasury-irs-extend-filing-and-payment-deadline

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*