If you're self-employed, work as an independent contractor, or run a business, you may have to make estimated tax payments. Normally they're due in April, June, September, and January, and paying late could have financial consequences, including penalties owed to the IRS.
This year, however, the IRS has changed tax filing deadlines as a result of coronavirus. That means you won't have to pay some of your estimates on the normal due dates -- but you may not want to wait until the extended deadlines if you don't have to.
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