Both the IRS and Treasury have announced that the deadline to file AND pay your individual federal income tax for the tax year of 2019 has been extended to July 15, 2020.
Many states have extended their deadlines as well:
- The State of Texas has no income tax requirement. Franchise Tax returns are due on the usual deadline of May 15, 2020.
- The State of Ohio deadline remains at April 15, 2020 as of this writing (3/24/2020). The legislature is expected to delay the date, but it is not yet official.
- The State of Oklahoma deadline to file and pay state income taxes has been extended to July 15, 2020.
If you cannot file your return by July 15, 2020, we can help you file an extension until October 15, 2020. The payment is still due by July 15, however.
If you are due a refund, we encourage you to file as soon as possible so you can get that cash influx as early as possible.
For a while last week, we relied on a tweet from Treasury to document this news. But news releases were posted over the weekend to both the IRS site: https://www.irs.gov/newsroom/tax-day-now-july-15-treasury-irs-extend-filing-deadline-and-federal-tax-payments-regardless-of-amount-owed and Treasury: https://home.treasury.gov/news/press-releases/sm953 documenting the changes in deadlines.
There’s a lot to worry about right now. If one of the things you’re worried about is your taxes, let us take that worry off your plate so you can focus on other things. We’re here for you when you’re ready.