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Not applicable
posted Mar 18, 2021 8:19:50 AM

Hi, I'm on the File section, and I'm trying to schedule my payment. The form won't let me select a date past 4/15 even though taxes aren't due until 5/17 this year?

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2 Replies
Level 15
Mar 18, 2021 8:27:30 AM

Since the decision to move the due date of the 2020 federal tax return was only just announced by the IRS yesterday, 03/17, the software has not yet been updated for the new due date.

 

There will be a software update on 03/25/2021 which should include the new due date.

Expert Alumni
Mar 18, 2021 8:30:02 AM

Please give TurboTax some time to update their software. The new deadline was only announced yesterday. 

 

Per IRS: In general, you may owe an IRS underpayment penalty, for 2020, if the total of your withholding and timely estimated tax payments didn't equal at least the smaller of:

  1. 90% of your 2020 tax, or
  2. 100% of your 2019 tax. Your 2019 tax return must cover a 12-month period.