April 15th Due Date Changed to July 15th

On March 20, 2020 the Secretary of Treasury announced an extension of the April 15, 2020 tax filing date until July 15, 2020. IRS subsequently issued Notice 2020-18 outlining the parameters of the extension.

What it is

The Department of Treasury and the IRS originally extended the time to pay federal income taxes due between April 15, 2020 and July 15, 2020 until July 15, 2020 under Notice 2020-17. However, this original action did not extend the time to file tax returns due on April 15th. This most recent action extends that time to file your tax returns until July 15, 2020.

What that means to you

  • Your tax return that was due on April 15, 2020 is now due on July 15, 2020.
  • You do not have to take any action (such as filing an extension) to be eligible for this due date.
  • Anyone or any business with a tax return due on April 15, 2020 is eligible for this relief.
  • Any federal income tax payments due on April 15, 2020 are now due on July 15, 2020.
  • This does not include extension payments which are normally due on June 15th.

Impact on State Returns

These changes are related to federal income tax filings and payments only. Each state will independently decide how their income tax filings and payments will be handled. They may be different than the federal requirements. Currently most state’s have conformed with the July 15, 2020 date. However, we recommend that you check with your specific state to verify their specific requirements.

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