When to pay taxes and file returns in 2020: the most important dates
The United States Internal Revenue Service (IRS) says it will accept and process tax returns starting Monday, January 27th. It is reported USA Today. What other dates need to be considered in order to file declarations and pay taxes in 2020?
Tax returns for 2019 must be submitted before April 15, 2020, as well as paying all taxes that you owe. Most of the more than 150 million planned returns are likely to be filed before mid-April.
According to the federal agency, if you want to start ahead of schedule and fill out the W-2 form, you don’t have to wait until the 27th to start working on your tax return. You can contact your tax agent, go through the IRS Free File program, or use the tax program later this week. But the IRS will not start checking your declarations until the official date.
«IRS призывает всех рассмотреть возможность подачи декларации в электронном виде и выбора прямого депозита», — заявил комиссар IRS Чарльз Реттиг.
Taxpayers can find answers to frequently asked questions at IRS.gov. You can also get help through the IRS Free File or from trained volunteers at offices throughout the United States.
Important tax dates and dates
Knowing when and what you should file can save you from headaches due to taxes. To avoid paying fines, mark the following important tax deadlines on your calendar, suggests Intuit turbotax.
January 15 2020 years
- Quarterly tax payment for Q4 2019
If you are self-employed or have other income in the fourth quarter that requires payment of quarterly taxes, send with the date on the postmark until January 15, 2020.
April 15 2020 years
- Individual tax returns for tax year 2019
If you haven’t applied for an extension, send your return by e-mail or send your individual tax return with a postmark date before midnight April 15, 2020.
- Individual tax return extension form for tax year 2019
Need more time to prepare a tax return? Submit a renewal request until April 15th to postpone this deadline to October 15th, 2020.
- Quarterly tax payment for Q1 2020
If you are self-employed or have other income in the first quarter that requires you to pay quarterly taxes, send your form 1040-ES with a date on the postmark until April 15, 2020.
- Last day to contribute to IRA 2019
If you have not yet funded your Individual Retirement Account (IRA) for 2019, do so before April 15, 2020. This is the deadline for contributions to the traditional IRA, deductible or not, and to the IRA Roth. However, if you have Keogh or SEP pension plans and you have extended the application deadline until October 15, 2020, you can wait until the money for 2019 is credited to these accounts.
On the subject: Key changes: what you need to know about taxes in 2020
15 June 2020 year
- Quarterly tax payment for Q2 2020
If you are self-employed or have other income in the second quarter that requires you to pay quarterly taxes, make sure your payment was sent with a stamp before June 15, 2020.
15 September 2020 years
- Quarterly tax payment for Q3 2020
If you are self-employed or have other income in the third quarter that requires you to pay quarterly taxes, make sure that your payment in the third quarter is stamped before September 15, 2020.
15 2020 October, the
- Extended individual tax return
If you received an extension of the deadline for filing a tax return for 2019, you need to fill out it and put a postmark before October 15, 2020.
January 15 2021 years
- Quarterly tax payment for Q4 2020
If you are self-employed or have other income in the fourth quarter that requires payment of quarterly taxes, send them with a stamp before January 15, 2021.
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