On March 18, 2020, the Department of Treasury and the Internal Revenue Service officially extended the filing deadline to July 15, 2020. Taxpayers can defer federal income tax payments without penalties and interest until July 15, 2020 regardless of the amount due. This deferment applies to individuals, trusts, estates, corporations, and other non-corporate filers. Taxpayers do not need to file additional forms to qualify for this automatic relief. Taxpayers who need additional time beyond July 15 to file can request Form 4868 extension. Businesses who require additional time to file can request through extension Form 7004. The IRS and Treasury will issue additional guidance as Congress finalizes legislation.
State filing deadlines are also impacted by changes due to the coronavirus pandemic. Some states have changed their deadlines to reflect the federal timeline, others have not. The AICPA is maintaining a chart of state filing deadlines at: