I filed my 2019 Federal return in early March. However, I did not yet pay what I owe for 2019 or my 2020 Q1 estimated Federal tax. Can I hold off paying both until 7/15 or do I need to pay what I owe for 2019 by 7/15 and my Q1 estimated by 6/15?
If you earn at least two-thirds of your gross income from farming or fishing, you do not have to make payments by the dates above. You can if you’d like, but it isn’t necessary. Instead, you should do either of the following: Pay all of your estimated tax for the 2019 tax year by January 15, 2020.