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Estimated Tax Payments - Electronic Funds Withdrawal
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COVID-19 Update:

The IRS and the U.S. Treasury department have extended the federal April 15th filing and tax payment deadlines to July 15, 2020. Since the first and second quarter estimated tax payments for 2020 were originally due before July 15th, both have also been extended to July 15th. Follow our COVID-19 and your Taxes page for updates.

If you electronically file your 2019 tax return, you can use EFW to make up to four (4) 2020 estimated tax payments. This is a free option. The payments can be withdrawn from either a checking or savings account. At the same time you file your return, you can schedule estimated tax payments for any or all of the following dates: April 15, June 15, September 15, and January 15 of the following year.

To set up estimated tax payments to go toward next year's tax liability using the TaxAct® program:

  1. From within your TaxAct return (Online or Desktop), click Federal. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal.
  2. Click 2020 Estimated Tax Payments
  3. Click Yes to review the requirements for making estimated tax payments
  4. The program will proceed with the interview questions for you to enter or review the information regarding your estimated tax payments.

If your return currently shows a Federal refund amount, you can apply part or all of that refund to next year's tax liability. To apply the overpayment:

  1. From within your TaxAct return (Online or Desktop), click Federal. On smaller devices, click in the upper left-hand corner, then click Federal.
  2. Click Miscellaneous Topics in the middle of the screen to expand the category, then click Apply overpayment towards 2020 tax liability
  3. Click the radio button next to Apply specific amount of 2019 refund towards 2020 tax liability, then enter the amount you want applied in the Specific amount field

Note. If you enter information to make estimated tax payments by electronic funds withdrawal while going through the Q&A interview questions, you must still mark each box to verify the quarterly payments when going through the electronic filing steps.

If you prefer not to use EFW to make your payments, or if you have already filed and would like to make electronic estimated tax payments online, see the Related Links for information on making payments using the Electronic Federal Tax Payment System (EFTPS) or IRS Direct Pay.

Call IRS e-file Payment Services at 1-888-353-4537 to inquire about or cancel a payment. Cancellation requests must be received no later than 11:59 p.m. ET two business days prior to the scheduled payment date.

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