Filing Deadline to Be Extended In Addition to Payment Deadlines

This morning, the US Treasury announced its intention to delay the filing deadline for 2019 personal income tax returns from April 15, 2020 to July 15, 2020. This comes after the IRS announced earlier in the week that payments were delayed from April 15, 2020 to July 15, 2020. Here’s what we now know.

  • The new deadline to file your 2019 individual income tax return is July 15, 2020.
  • An extension is NOT needed to use the new July 15 deadline.
  • If you owe on your 2019 return, the payment deadline is July 15, 2020. 
  • The deadline to make your first estimated payment for 2020, originally due on April 15, 2020, is now July 15, 2020.
  • At this time, the deadline for the second estimated tax payment for 2020 remains at June 15, 2020.
  • The deadline to make IRA and HSA contributions for 2019 has been delayed to July 15, 2020.
  • Payments for Colorado income taxes due April 15, 2020 were delayed to July 15, 2020. This also includes the first two estimated tax payments for 2020 due April 15, 2020 and June 15, 2020.

As a result, we will continue prioritizing our work in the following order:

  1. Assisting clients with financial emergencies by offering resources and advice to deal with financial crisis by publishing content to explain new tax law changes for individuals and businesses and assisting clients that may need help applying for assistance programs.
  2. Preparing tax returns based on the order they came in.
  3. We will prioritize returns if you have a refund or a need for earlier completion due to a financial reason (refinancing, loans, etc).
If you have a need for a tax return to be completed earlier than later in order to obtain your refund due to financial hardship or other reasons associated with this current crisis, please let me know.