Question

How do I postpone my tax payment?

Forum|Forum|7 years ago
June 1, 2019
1 reply
0 views

No text available

TurboTax Live Premier Online

Employee

The penalty for filing late is normally 5 percent of the unpaid taxes for each month or part of a month that a tax return is late. That penalty starts accruing the day after the tax filing due date and will not exceed 25 percent of your unpaid taxes.

If you do not pay your taxes by the tax deadline, you normally will face a failure-to-pay penalty of ½ of 1 percent of your unpaid taxes. That penalty applies for each month or part of a month after the due date and starts accruing the day after the tax-filing due date.

S

sergen

Your answer doesn't seem to have anything to do with the question. First, the question is not about postponing filing the taxes - it's about postponing the previously scheduled tax payment to State and/or Fed for taxes already filed. Second, the question is not about the amount of financial penalties to file late, or even about penalties for paying late for already filed taxes - it is about HOW to postpone previously already scheduled payments (State and/or Fed) for already filed taxes.

D

drdantru

I believe you have to contact IRS through a phone number. Turbotax can do anything for us once filed and payment scheduled. I searched in Turbotax and found a phone number, I went through a series of prompts and I believe I postponed. I will have to make a payment by new deadline either online or by mail.