COVID-19 and Your Taxes

You may have already heard that your federal tax return is not due on April 15, as it usually is. The deadline is now July 15, 2020. You can file now, and probably should if you are due money back, but you don’t have to.

Relatedly, and maybe even more important for we self-employed folks, the first quarter federal estimated tax payments are also being deferred to the same July 15, 2020 date. Huzzah! Note, however, that (so far) it is only your first quarter estimated tax payment that gets deferred, even though the deadline is after the second quarter’s due date (June 15, 2020).

For more info, see here: https://www.irs.gov/newsroom/payment-deadline-extended-to-july-15-2020

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