Changes to the US tax filing and payment deadlines

Some Good News: Tax Deadlines Have Changed

The IRS extended the deadlines to FILE and PAY federal income taxes to July 15, 2020.   

As of March 20, 2020, the Treasury Department extended filing and payment deadlines until 15 July 2020. (Only the payment deadline affects you since we normally request the October deadline for our clients.) 

If you owe income taxes for 2019, you can delay your IRS payment until this time. You will not owe interest or penalties if you pay before 15 July.

The tax payment deferral applies to the following filers: 

  • Individual Form 1040 filers

  • Corporations

  • Trusts

  • Estates

  • Partnerships

  • Associations

  • Companies

The deferral covers income tax payments, as well as any normally associated interest and penalties, such as the failure-to-pay penalty. There is no limit on the amount of tax payment you can defer.  It also covers estimated tax payments due on April 15, 2020, for the 2020 tax year.

The Treasury Department says tax returns and refunds are being processed normally, however, many other services have been curtailed as the pandemic moves through the United States.