My plan is pretty simple.
I have already completed my 2020 return with the software as is- no tax law changes. At this point I owe some money so I am holding off filing until the tax deadline. I have also run my return with the tax law proposed waiver of $10,200 on UI income. I now know I will not owe any money - I get a refund. If they have not updated the software by the tax deadline, I will file an extension until it is updated. Since my return will not include a tax amount due, I won’t have to pay the estimated tax amount with my extension. If you do owe money with the tax waiver, just be sure to pay that amount with the extension so you don’t get penalized.
**not intended to be tax advice. If you need professional tax advice, call the IRS or an accountant.
