Treasury Extends BOTH Deadline To Pay Income Taxes And Deadline To File Income Taxes By 90 Days

Cole Schotz
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Cole Schotz

Today, the Treasury announced that it will also be pushing back the April 15th deadline to file 2019 income tax returns.  As a result, taxpayers will not need to pay income taxes owed for 2019 and will not need to file 2019 income tax returns until July 15, 2020.  Neither New Jersey nor New York has provided for such extensions and the deadlines to file gift tax returns and estate tax returns for 2019 remain the same (as of March 20, 2020).

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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