Has the IRS extended tax filing or payment deadlines?
COVID-19 impact on tax filing, payment deadlines
Updated March 23, 2020
Yes. Treasury Secretary Steven Mnuchin announced in a tweet on March 20, 2020 that the April 15th tax filing deadline has been extended to July 15th. This changes the previous extension of only payment of taxes. Now, all April 15th tax filings and payments have been extended to July 15, during which period, no penalties or interest will be assessed on unfiled returns/ unpaid balances. Penalties and interest will begin to accrue on July 16, 2020.
The following is a link to the IRS’s notice on this topic: Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic.
For more information, visit the IRS Coronavirus Tax Relief page.
On March 23, 2020, the Vermont Department of Taxes announced that it will provide temporary relief to Vermont businesses who owe sales and use tax, as well as meals and room taxes. If a business is unable to make the payments of such taxes due on March 25 and April 25, they will not be assessed penalties or interest for late submissions. Note that payment of the taxes is not waived, and if businesses are able to make such payments they should. This is not an abatement of taxes, as the Commissioner of Taxes does not have the authority to cease collecting said taxes. Furthermore, the taxes are not cancelled going forward, and thus, businesses must continue to collect both sales and use tax, as well as meals and rooms tax.
The Department of Taxes has also moved the filing and payment deadline for the following Vermont taxes from April 15 to July 15:
- Vermont personal income tax
- Vermont Homestead Declaration and Property Tax Credit Claims
- Corporate Income Tax
- Fiduciary Income Tax
For additional updates, please visit: https://tax.vermont.gov/coronavirus.
For answers to frequently asked questions regarding 2020 Vermont Tax Relief, click here.
As of March 23, 2020, no tax filing deadlines have been extended in New Hampshire due to the COVID-19 pandemic.
Visit our COVID-19 Resource Center for more information.
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