Treasury Department Extends April 15 Tax Payment Deadline
**To see an update as of March 25, 2020, please click here.**
Due to the COVID-19 emergency, the Treasury Department and IRS yesterday extended the April 15, 2020 tax payment deadline until July 15, 2020. This automatic extension applies to 2019 federal income tax payments and 2020 estimated federal income tax payments (including payments on self-employment taxes) that otherwise would have been due on April 15.
The extension does not affect the April 15 deadline for filing tax returns but instead allows taxpayers who owe a payment to the IRS to defer the payment until July 15 without interest or penalties. Taxpayers who file a tax return or request an extension of time to file by April 15, 2020, will automatically avoid interest and penalties on the taxes paid by July 15. Taxpayers do not need to file any additional forms or contact the IRS to qualify for this relief.
Many, but not all, payments are eligible for extension. Click here to continue reading