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Level 4
December 30, 2020
Question

Estimated tax payment for 2020

  • December 30, 2020
  • 1 reply
  • 0 views
I had to pay underpayment penalty in 2019 while filing my taxes . I want to avoid that in 2020. I already changed my tax withholding status to single from married at my employer but am concerned it may be still underpayment .
1) how do I calculate the estimated payment that I need to pay
2) what is the last date to pay the estimated payment for individuals?
3) if I mail a check on dec 31 , will that be considered covered for 2020?

Thanks
Kevin

1) How do I calculate what

1 reply

M-MTax
Level 15
December 30, 2020

https://www.irs.gov/individuals/tax-withholding-estimator

For federal withheld tax estimating and Jan. 15th is the last day to pay estimated for 4Q.

Level 4
January 15, 2021

Can I pay the 2020 Estimated Taxes via https://directpay.irs.gov/

 

Is the form name 1040-ES?

 

Thanks

DoninGA
Level 15
Level 15
January 15, 2021

@kevin_ny_2003 wrote:

Can I pay the 2020 Estimated Taxes via https://directpay.irs.gov/

 

Is the form name 1040-ES?

 

Thanks


Yes, select estimated taxes, Form 1040ES and tax year 2020