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Filing deadline pushed back to July 15 for state, federal taxes

By Tom Rivers, Editor Posted 28 March 2020 at 7:56 pm

The state and federal governments have both pushed back the filing deadline for taxes by three months, from April 15 to July 15.

“This good news for individuals, for businesses,” Gov. Andrew Cuomo said today. “You don’t have to file your state tax return, you file it with the federal tax return on July 15th. This is bad news for the State of New York on a parochial level. That means we receive no revenue coming in until July 15th.”

The governor’s announcement came about a week after Steven Mnuchin, Treasury Secretary, announced the federal filing date would be July 15.

The IRS states the following on its website (click here) about the deadline:

The Treasury Department and the Internal Revenue Service are providing special tax filing and payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns has been extended from April 15 to July 15, 2020. The IRS urges taxpayers who are owed a refund to file as quickly as possible. For those who can’t 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 income tax filing and payment deadlines for all taxpayers who file and pay their Federal income taxes on April 15, 2020, are automatically extended until July 15, 2020. This relief applies to all individual returns, trusts, and corporations. 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 are due on April 15, 2020.

Penalties and Interest

Penalties and interest will begin to accrue on any remaining unpaid balances as of July 16, 2020. You will automatically avoid interest and penalties on the taxes paid by July 15.

Individual taxpayers who need additional time to file beyond the July 15 deadline can request a filing extension by filing Form 4868 through their tax professional, tax software or using the Free File link on IRS.gov. Businesses who need additional time must file Form 7004.

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