You have until 7/15/2020 to file your return. You can defer payments, penalty and interest free, for up to 90 days (until July 15). You will still have to pay the interest & penalty when the time comes to pay your taxes. You can just wait to July 15, but if you pay it sooner that would be less penalty & interest. That is the IRS & State, TurboTax has no control over it.
Here is so more information:
Typically, if you don't pay any tax you owe by the tax filing deadline — July 15— the IRS will charge you a penalty and interest on your outstanding balance. ... Deferment is just postponement; barring any additional government relief, you'll have to pay your balance when the deferment period is up.
[edited 3/25/20]
You have until 7/15/2020 to file your return. You can defer payments, penalty and interest free, for up to 90 days (until July 15). You will still have to pay the interest & penalty when the time comes to pay your taxes. You can just wait to July 15, but if you pay it sooner that would be less penalty & interest. That is the IRS & State, TurboTax has no control over it.
Here is so more information:
Typically, if you don't pay any tax you owe by the tax filing deadline — July 15— the IRS will charge you a penalty and interest on your outstanding balance. ... Deferment is just postponement; barring any additional government relief, you'll have to pay your balance when the deferment period is up.
[edited 3/25/20]