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IRS Extends Individual and Corporation Tax Deadline for 2019 to 7/15/2020

March 24, 2020

 

The deadline to file federal taxes has been moved from April 15 to July 15, Treasury Secretary Steven Mnuchin announced in a Tweet on Friday, March 20.

 

Mnuchin said he acted at the discretion of President Donald J. Trump.

 

“All taxpayers and businesses will have this additional time to file and make payments without interest or penalties,” Mnuchin’s Tweet said.

 

Before extending  the deadline into the summer, the White House had originally planned to defer tax payments for 90 days, with Americans still required to file by the April 15 Tax Day deadline.

 

In a separate Tweet, Mnuchin encouraged taxpayers who may have refunds to file now to receive their money.

 

As in any other year, taxpayers may still request a six-month extension to file returns.

Although the federal filing deadline has been pushed back, each state is allowed to set its own individual deadline for filing state taxes. Some states have already adjusted filing deadlines due to COVID-19. For example, California pushed back its deadline to file and pay taxes to June 15.

 

The IRS still has to issue an official notice confirming Mnuchin's tweet. Some deadlines remain unchanged, and if taxpayers have already file their returns, they are unaffected by the announcement. 

 

The State of Maryland's deadline is still April 15th, although interest and penalties have been waived until 7/15/2020.

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