ON JULY 15, THE EXTENSION TO DECLARE TAXES EXPIRES
The Department of the Treasury and the Internal Revenue Service are providing special relief to individuals and businesses affected by the COVID-19 pandemic. The due date for tax returns was extended from April 15 to July 15, 2020. The IRS urges taxpayers who are owed a refund to file as soon as possible. For those who cannot file by the July 15, 2020 deadline, the IRS reminds individual taxpayers that everyone is eligible to request an extension to file their return.
This filing and payment relief includes:
The 2019 tax filing and payment deadlines for all taxpayers who file and pay their federal taxes on April 15, 2020 are automatically extended until July 15, 2020. This relief is automatic, taxpayers do not need to file any forms additional or call the IRS to qualify.
This relief also includes estimated tax payments for tax year 2020 that are due on April 15, 2020.
Penalties and interest will begin to accrue on outstanding balances on July 16, 2020. You will automatically avoid interest and penalties on taxes paid before July 15.
Individual taxpayers who need additional time to file beyond July 15, 2020 can request a filing extension by filing Form 4868 through their tax professional, tax software, or the Free File link on IRS.gov. Businesses must file Form 7004.
State tax returns:
This exemption only applies to federal tax returns and payments (including self-employment income tax) that are otherwise due on April 15, 2020, not to state tax payments or deposits or payments of any other type of federal tax. Taxpayers will also need to file tax returns in 42 states plus the District of Columbia. State filing and payment deadlines vary and are not always the same as the federal filing deadline. The IRS urges taxpayers to check with their state tax agencies for those details.