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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.
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:
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