What is the deadline for making estimated tax payments?

The deadline for making estimated tax payments in Florida depends on the type of taxpayer you are. Generally, estimated tax payments must be made by April 15, June 15, September 15, and January 15 for the preceding tax year. However, if you are a corporation, the deadline for your first estimated payment is the 15th of the 3rd month after the start of your tax year. For example, if your fiscal year begins on January 1, your first estimated tax payment would be due by April 15. In addition, if you fail to make estimated payments on time, you may owe a penalty. This penalty is calculated on a monthly basis and is based on an interest rate equal to the federal short-term rate plus three percentage points. Finally, it is important to note that due to the impact of the COVID-19 pandemic, the IRS has adjusted the due date for estimated tax payments for the 2020 tax year. Now, the deadline is January 15, 2021, for all taxpayers, including corporations.

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What is the deadline for making estimated tax payments?

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