2nd Quarter 2020 Estimated Tax Payment Due
If you do not have taxes withheld from your income, you may need to make estimated tax payments with Form 1040-ES by June 15. This may apply if you have income such as self-employment, interest, dividends or capital gains. It could also apply if you do not have enough taxes withheld from your wages. If you are required to pay estimated taxes during the year, you should make these payments to avoid a penalty. Any shortfall from the previous quarter’s estimated tax payment should also be paid to avoid penalty from accruing further.