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 2017 tax
- 100% of your 2016 tax (Your 2016 return must cover a 12-month period.)
Do you need to request a tax filing extension? Learn more from the tax experts as H&R Block.
Can you file a tax extension so you have more time to pay? Find out your options for paying taxes and get tax answers at H&R Block.
Do you need to file for a Georgia tax extension? Learn more from the tax experts at H&R Block.
Do you need more time to file taxes? Review these time-sensitive tax pro tips to prepare for the tax filing extension deadline. Read more from our pros on the H&R Block blog.