COVID-19 Pandemic delays and date changes.
President Trump declared a national state of emergency due to the COVID-19 pandemic. The IRS has issued guidance that the tax deadline will move to July 15, 2020. We expect this pandemic to cause serious delays in processing returns (and getting help from the IRS) in the coming weeks, as IRS workers are quarantined or asked to work from home, it will cause delays for tax filers.
Moving tax day from April 15 to July 15 would seem to negate prior IRS guidance that you must submit an extension by April 15 in order to delay filing, at least until July 15. Future guidance by the IRS will be added to this post as available.
If you owe 2019 taxes to the IRS, or estimated Q1 2020 taxes, no payment is due until July 15. The new tax filing and payment deadline means interest and penalties for late filing or payment will not begin to accrue until July 16.
Under normal circumstances, you must pay any taxes due by April 15 or you will incur penalties and interest. Even a request of an extension to file (Form 4868) doesn’t excuse you from paying without incurring those additional costs.
The effect of the new tax day deadline is that interest and penalties will not begin to accrue until July 16. Remember: The new deadline to file and pay do not constitute tax forgiveness, a form of tax relief available from the IRS. You will eventually have to file and pay.
State Income Tax Deadlines
It’s likely that many states not listed below will jump on board and/or change their deadlines, perhaps more than once.
|Alabama||July 15||All state returns|
|Alaska||N/A||No state income tax|
|California||June 15||All state returns|
|Colorado||July 15||All state returns|
|Connecticut||July 15||State individual returns|
|Florida||N/A||No state income tax|
|Georgia||July 15||All state returns|
|Indiana||July 15||All state returns|
|Maryland||July 15||All state returns|
|Massachusetts||July 15||All state returns|
|Michigan||July 15||All state returns|
|Minnesota||July 15||All state returns|
|Nevada||N/A||No state income tax|
|New Jersey||July 15||All state returns|
|North Carolina||Offering penalty waivers|
|Ohio||July 15||All state returns|
|Oregon||July 15||All state returns|
|South Carolina||July 15||All state returns|
|South Dakota||N/A||No state income tax|
|Texas||N/A||No state income tax|
|Washington||N/A||No state income tax|
|Wyoming||N/A||No state income tax|
|Puerto Rico||May 15||For returns due April 15|
For non-resident non-u.s. citizen who files income tax, when is extended due date? Original filing date is in June.
For non resident aliens the normal deadline is June 15th but this year it has been moved to July 15th… you can always ask for an extension with the Form 4868