The Treasury Department 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 submit 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 apply for an extension to file their return.
This filing and payment relief includes:
The 2019 filing and payment deadlines for all taxpayers filing and paying their federal taxes on April 15, 2020 automatically extend through July 15, 2020. This relief is automatic, taxpayers do not need to file any additional forms or call the IRS to qualify. This relief also includes estimated tax payments for tax year 2020 that expire on April 15, 2020.
Fines and interest will begin to accrue on outstanding balances from 16 July 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 apply for a filing extension by filing Form 4868 through their tax professional, tax software, or the Free File link in IRS.gov. Companies must file Form 7004.
State Tax Statements:
This exemption only applies to federal tax returns and payments (including self-employment income tax) that otherwise expire on April 15, 2020, not to state tax payments or deposits or payments of any other type of federal tax. Taxpayers must also file tax returns in 42 states plus the District of Columbia. State filing and payment terms vary and are not always the same as the federal filing deadline. The IRS urges taxpayers to consult with their state tax agencies for those details.