The Internal Revenue Service said taxpayers have several options to schedule and pay federal taxes electronically due on July 15. Taxpayers with payments scheduled for April 15 also have a midnight Monday deadline to reschedule payments.
Several options let taxpayers schedule payments up to a year in advance. For taxpayers using Direct Pay and Electronic Funds Withdrawal (EFW) with payments scheduled for April 15, they will need to take special steps to reschedule their payments if they would like a later date, according to an IRS news release.
In Notice 2020-18 the Treasury Department and the Internal Revenue Service announced special Federal income tax return filing and payment relief in response to the ongoing Coronavirus Disease 2019 (COVID-19) emergency.
The Federal income tax filing due date is automatically extended from April 15 to July 15. Taxpayers can also defer federal income tax payments due on April 15 to July 15 without penalties and interest, regardless of the amount owed. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax. Taxpayers do not need to file any additional forms or call the IRS to qualify for this automatic federal tax filing and payment relief.
Filing and Paying Federal Taxes Due by July 15
Taxpayers can schedule their payment electronically online, by phone or using their mobile device and the IRS2Go app.
Scheduling or Rescheduling Your Payment
For taxpayers looking to reschedule or schedule their 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 canceled their payments that were due April 15 and want to reschedule their payment to the July 15 due to date. They are according to the IRS news release:
- 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 and explanations on how to cancel payments already scheduled 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. Scheduled payments need to be canceled at least two days in advance. This means taxpayers who originally scheduled their payment on April 15 and want to reschedule it for later need to take action no later than Monday, April 13 at midnight Eastern Time.
Paying When Filing Electronically
Taxpayers who filed electronically and scheduled their payment with an Electronic Funds Withdrawal, and want to reschedule their payment to the July 15 due date, can call the IRS e-file Payment Services automated line at 888-353-4537 to cancel their payment no later than 11:59 p.m. Eastern time two business days before the scheduled payment date. This means taxpayers who originally scheduled their payment on April 15 and want to reschedule it for July 15, need to take action no later than Monday, April 13 at midnight Eastern Time. Taxpayers are reminded that they will need to schedule their tax payment for the new tax deadline date of July 15, the news release added.
EFW payments cannot be resubmitted. Taxpayers should select a different electronic payment option to reschedule the payments.
Need More Time to File?
Individual taxpayers who need additional time to file beyond the July 15 deadline can request a filing extension two ways:
- Filing Form 4868 through their tax professional, tax software or using the Free File link on IRS.gov.
- Submitting an electronic payment with Direct Pay, Electronic Federal Tax Payment System or by debit, credit card or digital wallet options and selecting Form 4868 or extension as the payment type. The automatic extension of time to file will process when you pay all or part of your taxes electronically by the July 15 due date. An extension to file is not an extension to pay. Taxes are still due by your original due date.
Estimated tax payments, for the tax year 2020, originally due April 15 and June 15 are now due July 15. Form 1040-ES, Estimated Tax for Individuals, includes instructions to help taxpayers figure their estimated taxes. They can also visit IRS.gov/payments to pay electronically. IRS offers two free electronic payment options, where taxpayers can schedule their estimated federal tax payments up to 30 days in advance, with Direct Pay or up to 365 days in advance, with the Electronic Federal Tax Payment System (EFTPS).