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I missed the last estimated tax for 2020, where to pay then?

Personal Finance & Money Asked on September 4, 2021

I just realized that I missed the last estimated tax for the 2020 year. There is no 2020 option on the "Tax Period for Payment" field on the IRS "Direct Pay" site. What I can do? Is there a place I can pay my 2020 fourth-quarter estimated tax?

One Answer

I haven't done this myself, but the advice I have heard is choose 'Extension' as the reason, and apply payment to Form 4868. The reason is because there is a specific spot to list this payment (Form 1040, Schedule 3, line 9). You're automatically granted the 6-month extension, but you're under no obligation to use it.

Of course, as others have said, we're talking about 3 percent interest for a few months, which is likely to be minimal. But if you want to make a payment, that's how I'd do it.

Correct answer by Craig W on September 4, 2021

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