Easiest thing to do now is to file an extension, estimating that you will owe no taxes. I think that gives you until August. We should know more by then.
Yes will extend. My Turbotax says I need to pay what I owe even tho I extend my filing to avoid penalties. Youβre saying when filing the extension say estimate owed is $0
I'm not a tax professional and this isn't tax advice. It's just what I'd do. I'd rather estimate zero taxes and have to pay a penalty later on the chance our tax system will be in a whole different place come August. That's not for everybody, especially if you owe a lot of taxes.
Easiest thing to do now is to file an extension, estimating that you will owe no taxes. I think that gives you until August. We should know more by then.
Yes will extend. My Turbotax says I need to pay what I owe even tho I extend my filing to avoid penalties. Youβre saying when filing the extension say estimate owed is $0
I'm not a tax professional and this isn't tax advice. It's just what I'd do. I'd rather estimate zero taxes and have to pay a penalty later on the chance our tax system will be in a whole different place come August. That's not for everybody, especially if you owe a lot of taxes.