New Details from the IRS on July 15 Tax Deadline
March 25, 2020
In response to the Coronavirus pandemic, the Internal Revenue Service has issued guidance filling in many details of the historic delay in this year’s tax-filing and payment deadlines which have been extended to July 15 from April 15 for many taxpayers due to the coronavirus pandemic.
The IRS has clarified a number of deadlines as follows:
Individual Retirement Account and Roth IRA contributions
Due July 15, 2020
Automatic Filing Extensions
Due October 15, 2020
In addition, there are ways for filers to delay automatic tax payments they previously scheduled for April 15.
Do I have to be sick from the coronavirus or quarantined to use the new deadlines?
Do I have to file a special form to use the July 15 deadline?
No. If you file a return or an automatic extension request and pay your tax due by July 15, no interest or penalties will be due.
I already filed my 2019 return and scheduled an automatic withdrawal of my tax payment for April 15. Will the IRS automatically delay this payment until July 15?
No, but taxpayers can take action to change the payment date.
Many filers authorize an electronic funds withdrawal as part of filing their tax returns. The IRS says these taxpayers can cancel their payment by contacting the U.S. Treasury Financial Agent at 888-353-4537. But payment cancellation requests must be made no later than 11:59 p.m. ET two business days before the scheduled payment date. Then reschedule the automatic payment or mail a check to the IRS.
Fewer taxpayers use IRS Direct Pay or the Electronic Federal Tax Payment System (EFTPS). Both have directions for canceling payments, which must be done two days before the payment date.
Taxpayers who scheduled an automatic payment by credit or debit card should contact the card company to change the date.
What if I need more time to complete tax paperwork and file my 2019 return?
Individuals can ask for an automatic extension of the time to file (but not pay) by filing Form 4868 by July 15. The deadline to file returns remains Oct. 15, 2020—as it would have been without the three-month filing and payment delay.
Is my deadline to contribute to an Individual Retirement Account, Roth IRA, Health Savings Account or Archer MSA also extended?
Yes, these deadlines are delayed to July 15 from April 15.
I owe a 10% penalty on a withdrawal I took from a retirement account last year. Is the deadline to pay it now July 15 instead of April 15?
Yes, this deadline is postponed as well.
I see that my first-quarter estimated tax payment due on April 15 is now due on July 15. What about the second-quarter payment, due June 15?
As of now, the second-quarter payment is still due on June 15. This could change, so watch for further announcements.
I haven’t yet claimed my 2016 refund, and the deadline to file for it is April 15, 2020. Will that now be delayed to July 15?
No. The extension is only for 2019 taxes, according to the IRS.
What doesn’t qualify for the IRS’s three-month delay?
Among other things: estate and gift taxes, excise taxes, information returns such as 1099 forms, and payroll taxes—although Congress is considering a payroll-tax deferral. In addition, tax items that don’t have April 15 deadlines, such as the March 16 due date for partnership returns, don’t qualify for the extension.
For more information on this or other questions, check the IRS’s FAQs and its page devoted to coronavirus issues.
Are the IRS offices closed?
The agency released information about some IRS office closures, taxpayer appointments and correspondence, and the Taxpayer Advocate Service.