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tax deadline

Tax Deadline 2020: When Is Your Tax Return Due This Year?

The April 15 deadline for filing your tax return (and paying taxes) was pushed back this year...but the new due date is just around the corner!

The deadline for filing your 2019 federal income tax return, and paying any tax owed, is approaching fast! The due date is July 15, 2020, which is right around the corner. So, for all you procrastinators out there, it's time to get going!

The deadline was pushed back from April 15 to help taxpayers, and tax preparers, impacted by the coronavirus pandemic. Penalties and interest won't apply if you file and pay any tax due before the extended deadline. (For other government changes and programs in response to the pandemic, see 11 Ways the CARES Act and Other Government Measures Could Help You in 2020.)

Select Direct Deposit for Tax Refunds

If you're expecting a refund, e-file your 2019 tax return and opt to have your refund deposited directly into your bank account to get it sooner. The IRS can process electronic returns and refunds much faster than it can handle paper returns and checks.

This year, the IRS may also pay you interest on your tax refund if your return is filed by July 15, 2020. Interest will generally be paid from April 15, 2020, until the date of the refund (although interest payments may be received separately from the refund).

Extensions Are Available

If, for any reason, you can't file your federal income tax return by July 15, you can get an automatic extension to October 15, 2020. But you must act by July 15 to get the extension.

However, an extension to file does not extend the due date to pay your tax. If you don't pay the taxes you owe by July 15, you'll owe interest on the unpaid amount. You could also be hit with additional penalties for filing and paying late. For more information, see How to Get an Extension for Filing Your Tax Return.

Other Tax Deadlines Extended

The IRS pushed back a whole host of other tax deadlines, too. So, for example, you also have until July 15 to file returns and pay taxes for:

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  • Estimated taxes covering the first and second quarters of 2020;
  • Self-employment taxes owed by sole owed and others; and
  • Estate, gift and generation-skipping transfer taxes.

For other July 15 tax deadlines, see 12 Tax Deadlines for July 15 (It's Not Just the Due Date for Your Tax Return).

State Tax Deadlines

Don't forget to check with your state's tax agency to see if the filing and/or payment deadline for your state income tax (or other state tax) is also changed because of the coronavirus outbreak.

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