File & pay your current tax liabilites by July 15th

Taxpayers were given extra time to file and pay current tax liabilities, in response to the COVID-19 pandemic. Absent another extension, the deadline of July 15, is almost here. Those who owe a 2019 income tax liability as well as estimated tax for quarters one and two of 2020, must make two separate payments (the quarterly payments can be combined). Individuals can use “Direct Pay” for two payments each day from a bank account, up to 365 days ahead. Businesses or those making large tax payments can use the Electronic Federal Tax Payment System, which allows up to five payments per day, up to 365 days ahead. Scheduling ahead is advisable. Here’s more: