Estimated Tax

[Bonnie111]

I was anticipating to receive additional income in early 2020 and intended to make an estimated tax payment in July 2020, but I didn't receive the additional income. Is it acceptable to hold back on making any estimated tax payments to either September 2020 or January 2021 until I actually receive the income? 

[fanfare]

your estimated tax payments to the IRS should track your income.

[VolvoGirl]

Yes.  The estimates are optional to pay and the IRS won't be expecting the amount at a certain time.

[Bonnie111]

Thanks for confirming!

[Bonnie111]

Perfect! Thank you