The IRS has announced that federal income tax filing and payment deadlines have been extended:
- Filing and payment deadlines for individuals and businesses have been extended to July 15, 2020.
- This extension includes payments of tax on self-employment income.
- The deadline for first quarter estimated tax payments is also extended to July 15, 2020.
- Filing and payment deadlines for Gift and Generation-Skipping Transfer Tax Returns have been extended to July 15, 2020.
- Notice 2020-23 expands the extension relief to additional returns, tax payments and other actions. The extensions now apply to all taxpayers that have a filing or payment deadline falling on or after April 1, 2020, and before July 15, 2020.
- Individuals, trusts, estates, corporations and other non-corporate tax filers qualify for the extra time. Thus, anyone, including Americans living and working abroad, can now wait until July 15, 2020, to file their 2019 federal income tax return and pay any tax due.
- Notice 2020-23 also extends the time to file and pay estimated tax payments due June 15, 2020. Any individual or corporation that has a quarterly estimated tax payment due on or after April 1, 2020, and before July 15, 2020, now has until July 15, 2020, to make that payment without penalty.
- The time to request a refund for 2016 income tax returns has been extended until July 15, 2020. Normally, the time to claim a refund expires three years after the return has been filed but refund claims for 2016 returns will be deemed timely if the claim for refund is filed by July 15, 2020.
In addition to the federal extensions, it is also important to follow changes to state tax deadlines. Many states have already announced new deadlines for their state income tax filings and payments; others that have not yet implemented formal extensions have expressed an intent to do so in light with the federal extensions.
State |
Relief Provisions |
Updated Deadlines |
California |
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Colorado |
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Connecticut |
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Georgia |
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Hawaii |
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Illinois |
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Massachusetts |
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New Jersey |
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New York |
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Ohio |
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Pennsylvania |
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