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Tax deadline for retired farmers
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senodak
Posted 2/27/2024 18:13 (#10642455 - in reply to #10642226)
Subject: RE: Tax deadline for retired farmers


Or if you paid 100% of last year's tax by January 15, 2024 and you meet the 2/3 gross income test.

If 2/3 of your gross income either this year or last was from farming you qualify to utilize the March 1 deadline.

Filing an extension with payment by March 1 will not get you out of underpayment penalties even if you do qualify for the farmer deadline.
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