Farmers, fishermen face deadline

Farmers and fishers who did not pay all their 2022 federal estimated taxes by Jan. 17 must file their 2022 tax return and pay the entire tax due by this Wednesday, March 1.

Only those who have paid their estimated tax payments by Jan. 17 can file by the regular April 18 deadline and avoid estimated tax penalties. This rule generally applies when income from farming or fishing makes up at least two-thirds of the total gross income in either the current or the preceding tax year.

Taxpayers in disaster areas, including farmers and fishermen, have more time to file and pay. Currently, taxpayers in most of California and parts of Alabama and Georgia, have until this Oct.16 to file their 2022 federal return and pay due tax. This extension is automatic; those in a disaster area who need more time can also request a filing extension.

Taxpayers can pay from their bank account using their online account or schedule payments in advance using IRS Direct Pay.