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Update: Important Tax Deadline and Payment Information

April 14, 2020

As most people know by now, July 15 is the new due date for your 2019 tax returns. This is particularly pertinent for those of you that need to make payments for any balance due from 2019, as well as paying your 1st and 2nd quarter estimates. Both the April 15 and June 15 estimates are now due July 15 (this includes the federal, Vermont and New York estimates).

Federal Income Tax Payment Information

Following are some general guidelines that have been issued by the IRS about your Federal income tax payment options.

Scheduling your payment

If you are looking to reschedule or schedule your federal tax payments, the IRS offers two payment options where payments can be scheduled up to 365 days in advance. These two options are optimal for those who cancelled their payments that were due April 15 and want to reschedule their payment to the July 15 due date. They are:

  • Electronic Federal Tax Payments System (EFTPS) is free, and taxpayers can schedule their estimated and other federal tax payments up to 365 days in advance. New enrollments for EFTPS can take up to five business days to process.
  • Debit, credit card or digital wallet can be scheduled through a payment processor up to 365 days in advance. The payment processors charge a fee; no fees go to the IRS.

Additional electronic payment options

Additional payment options are available on IRS.gov/payments.

Bank Account (Direct pay). You can pay for free with your bank account using Direct Pay, where taxpayers can schedule a payment up to 30 days in advance. Payments for the July 15 due date can be scheduled beginning June 15.

Davis & Hodgdon Associates CPAs is a full-service public accounting firm with locations in Williston and Rutland Vermont. The firm is a member of several diverse regional and statewide business organizations and serves its clients by providing progressive, proactive services through expert staff, high-end technology, and unparalleled efficiency.