Will Coronavirus Affect the April 15th Tax Deadline?

This article was last updated at 5 p.m. EST on Monday, June 22, 2020. The Treasury Department and the IRS have officially extended the federal income tax filing due date from April 15, 2020, to July 15, 2020. Read the complete announcement on the IRS website here. 

Has the 2020 tax filing deadline been extended?  

Yes, the IRS has extended the federal tax filing deadline for 2020. Individual federal income tax returns for tax year 2019 are due on or before July 15, 2020. Taxpayers and businesses also have an additional 90 days to pay their federal tax bill without interest or penalty.   

This extension is automatic and applies to all taxpayers. You do not need to file any additional forms or request the extension from the IRS. 

When are my taxes due 

Tax Day is now July 15, 2020. You will need to file your federal tax return and pay any taxes you owe before this date to avoid penalties.   

Should I wait to file my taxes in 2020? 

No, if you can file your return, there is no reason to wait for the deadline. In fact, if you are expecting a refund, you should file as early as possible. The sooner your return is accepted, the sooner you will receive your money. 

Are tax refunds delayed because of coronavirus? 

Refunds are still being processed normally. If you are expecting a refund, you should file your 2019 return as soon as possible. There is no reason to wait for the tax deadline. Filing now will help ensure that you see your funds without any kind of delay. 

If you use an online tax filing service like TaxSlayer to submit your return electronically, you can most likely expect to see your federal refund within 21 days. To get an idea of when you will receive your money, take a look at the 2020 IRS refund delivery schedule here

The IRS does not share the status of your refund with TaxSlayer. Instead, you can use the IRS’s “Where’s My Refund?” tool to figure out when your money will arrive.  

Can I get extra time to pay my taxes in 2020?  

The IRS has extended the payment deadline by 90 days for all taxpayers. This means you have until July 15, 2020, to pay your federal tax bill for the 2019 tax year. But if you are still unable to pay your tax bill in full by the time it is due, the IRS can assist you with a payment plan. Learn more about IRS payment plans here.     

Did my state extend their filing deadline? 

Each state decides if they are going to extend their specific filing deadline. Most states are choosing to follow the federal decision and extend Tax Day until July 15th. However, there are a few states that are extending the deadline to a different date.

States that have extended their filing or payment deadline to a different date than July 15th

State Filing deadline Payment deadline 
Hawaii July 20th July 20th 
Idaho June 15th June 15th 
Iowa July 31st  July 31st  
Mississippi May 15th May 15th 
Virginia May 1st  June 1st  

All other states have extended their deadline to July 15th. Use this resource from the IRS to find more information about tax filing for your individual state. 

What is the quickest way to get my refund? 

The quickest way to get your refund is still by filing electronically and choosing direct deposit according to the IRS. IRS Commissioner Chuck Rettig said, “… we urge taxpayers who are owed refunds to file as soon as possible and file electronically.” He also stated that “the IRS is continuing with mission-critical operations to support the nation, and that includes accepting tax returns and sending refunds.”  

TaxSlayer understands that not everyone is able to receive direct deposit. To see all your options when it comes to getting your tax refund, use this resource.  

When are quarterly estimated taxes for self-employed due in 2020? 

The first and second quarterly estimated tax payments for tax year 2020 are now due July 15, 2020. 

For additional information concerning your tax situation and how it could be affected by COVID-19, visit the IRS Coronavirus Tax Relief page. 

This article is intended to provide general information to the public and does not provide personalized tax, investment, legal, or business advice. You should seek the assistance of a professional for advice on taxes, investments, and any other financial, legal, or business matter pertinent to your individual situation.