I can’t pay estimated taxes by the estimated taxes deadline of Jan. 15. Is it possible to postpone or extend the deadline without being subject to penalties and interest payments — what are my options?
You can postpone the quarterly Jan. 15 estimated tax payment until Feb. 1, 20CY if you file your return and make any necessary payments by that date. If you can’t make an estimated payment, you might be subject to a penalty with interest.
You might owe a penalty if the total of withholding and estimated tax payments you made didn’t equal at least the smaller of:
- 90% of your 2019 tax
- 100% of your 2018 tax (Your 2018 return must cover a 12-month period.)
Related Resources
Can’t pay your taxes this year? You’re not alone. Learn why you should still file your return even if you can't pay from the tax experts at H&R Block.
How long you can expect your IRS audit to last depends on the type of audit and the scope. Learn how to efficiently wrap up an audit from the tax experts at H&R Block.
Learn more about IRS letter 4551C, including why it was sent and how to respond with help from the tax experts at H&R Block.
If you paid tuition to a qualified college or university, you should receive a Form 1098-T. Learn more from the tax experts at H&R Block.
