Quick Answer: Is The IRS Going To Extending The Tax Deadline?

Is the IRS extending the filing deadline?

The Treasury Department and the Internal Revenue Service are providing special tax filing and payment relief to individuals and businesses in response to the COVID-19 Outbreak.

The filing deadline for tax returns has been extended from April 15 to July 15, 2020..

Will tax day be extended 2020?

Due to the COVID-19 pandemic, the federal government extended this year’s federal income tax filing deadline from April 15 to July 15, 2020. This extension is automatic and applies to filing and payments. So if you owe taxes for 2019, you have until July 15 to pay them without interest or penalties.

Has the April 15 deadline extended?

The new Notice confirms that the extension from April 15 to July 15 applies to all taxpayers and without any taxable amount limits. Here is what we know: … Returns – it applies to all Federal income tax returns due April 15, 2020. Taxpayers do not need to file an extension request under Forms 4868 or 7004.

What happens if you don’t file taxes and you don’t owe money?

If you fail to file your tax return on time, the IRS can and will penalize you a late filing fee. … The penalty maxes out at 25% of the taxes you owe. However, if you don’t file within 60 days of the April due date, the minimum penalty is $210 or 100% of your unpaid tax, whichever is less.

Do I have to file my 2019 taxes by April 15?

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. … You do not need to file any additional forms or request the extension from the IRS.

What if I didn’t file my taxes last year?

The IRS doesn’t automatically keep tax refunds simply because you didn’t file a tax return in a previous year. However, in some cases the IRS may keep your refund if you have not filed a prior-year return and it appears that you’ll owe money when you do.

How do you get an extension on your taxes?

You can file an extension for your taxes by submitting Form 4868 with the IRS online or by mail. This must be done by the tax filing due date. Filing an extension for your taxes gives you additional months to prepare your return no matter the reason you need the extra time.

When did the IRS extend the tax deadline?

July 15The Internal Revenue Service has extended the deadline for filing individual tax returns for 2019 to July 15 from April 15 in response to the coronavirus pandemic. Millions of taxpayers now have an extra three months to file returns and pay what they owe the IRS for 2019.

What happens if I don’t do my taxes on time?

If you don’t file, the failure-to-file penalty is 5% of your unpaid taxes for each month your tax return is late, up to 25%. The penalty starts accruing the day after the tax deadline. If you file more than 60 days late, you’ll pay a minimum of $135 or 100% of the taxes you owe (whichever is less).

Do you have to file taxes by April 15?

Mnuchin says taxpayers must file by April 15, can delay payments for 90 days. Treasury Secretary Steven Mnuchin said that the 90-day reprieve applies only to tax payments. Income tax returns for 2019 must be in by April 15.

What happens if you don’t file your taxes by April 15?

If you miss the April 15 due date (established by the IRS for filing and paying any taxes due to the federal government), the world isn’t going to end, but you might be charged some late fees. … If you don’t cover at least 90 percent of your taxes due by April 15, the failure-to-pay penalty still applies.

How do I file a tax extension for 2020?

The IRS has extended the federal income tax filing deadline from April 15 to July 15, 2020. If you need more time, you can get a tax extension by filing IRS Form 4868. This gets you until Oct. 15, 2020, to file your tax return.

Are any post offices open late on tax day?

Some Post Office™ locations offer extended hours and late postmarking for tax filers. Call a Post Office near you to find out if it will be open late on tax day.