IRS Extends Filing Due Date and Payments

The tax relief postpones various tax filing and payment deadlines that occurred starting on March 3. As a result, affected individuals and businesses will have until July 15, 2020, to file returns and pay any taxes that were originally due during this period. This includes 2019 individual and business returns normally due on April 15th, as well as various 2019 business returns due on March 15th. Among other things, this also means that affected taxpayers will have until July 15th to make 2019 IRA contributions.

The July 15th deadline also applies to quarterly estimated income tax payments due on April 15th and June 15th and the quarterly payroll and excise tax returns normally due on April 30th.

It also applies to tax-exempt organizations, operating on a calendar-year basis, that have a 2019 return due on May 15th.

At this time California is only allowing a 60-day extension until June 15th.

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