On June 29, 2020 the IRS and the Department of Treasury announced, “the tax filing and payment deadline of July 15 will not be postponed.”
As usual, the original tax filing and payment deadline was April 15, 2020. However, as a result of the COVID-19 pandemic, the deadline was extended until July 15, 2020. Recently, there has been speculation that the IRS would again extend the deadline even further, but that is not true. The IRS has confirmed that July 15 is the tax deadline.
Although July 15 is the deadline, taxpayers can apply for an extension. The extension gives taxpayers an additional 3 months to file and pay taxes. The extension deadline is October 15, 2020.
If you owe taxes, the IRS offers several payment options including paying directly from your checking or savings account, debit or credit card, check or money order, and paying by phone or online.
The IRS also understands that many taxpayers cannot afford to pay their taxes right now. IRS Commissioner Chuck Rettig stated,” The IRS understands that those affected by the coronavirus may not be able to pay their balances in full by July 15, but we have many payment options to help taxpayers.”
Whether you can or cannot pay your taxes, learn about your payment options here.
The IRS also reminds taxpayers that July 15 is the federal tax deadline. State tax deadlines may differ and you can find more information about your state’s deadlines here.