Due to COVID-19, the IRS is currently not able to process individual paper tax returns. Paper returns will be processed by the IRS once processing centers are able to reopen but you should e-file if possible. If you’ve already filed via paper and it hasn’t been processed yet, don’t file a second tax return. For more info, visit the IRS    

The Treasury announced, at the direction of the President, that the federal tax deadline is extended to July 15, 2020.

Taxpayers getting a refund are encouraged to file their taxes now as the IRS expects to continue to process refunds as normal. 

Federal tax payments have also been deferred, interest free and penalty free, for 90 days, until July 15. Individuals and self-employed taxpayers can defer up to $1 million for tax year 2019 federal tax payments. This deferment also applies to tax year 2020 estimated tax payments previously due on April, 15, 2020. Corporations can defer up to $10 million in federal payments.

Check with your state to see if their deadline has changed.

Will I have to pay penalties if the filing deadline is extended?

Federal tax payments have been deferred, penalty and interest free, for up to 90 days (until July 15). This applies to:

  • Individuals: Defer payments of up to $1,000,000

  • Corporations: Defer payments of up to $10,000,000

Does this apply only to Tax Year 2019? What if I owe for previous years?

The IRS has not declared any changes to payments, penalties, or interest for prior year tax year.

Will COVID-19 delay my refund?

The IRS expects to continue to process refunds as normal. They typically issue 9 out of 10 refunds within 21 days of acceptance if you e-file with direct deposit.

Does the COVID-19 outbreak qualify as a natural disaster on 2019 taxes?

The IRS has not declared the COVID-19 outbreak as a qualifying natural disaster.

How does this impact quarterly estimated taxes?

Federal tax payments have been deferred, penalty and interest free, until July 15. This deferment also applies to first quarter 2020 estimated income tax payments which are postponed from April 15 to July 15, 2020.

Second quarter 2020 estimated income tax payments are still due on June 15, 2020.

Can I access a sick family member’s TurboTax account to help them prepare their return?

In order to ensure the protection, privacy, and security of customer account information, TurboTax is only able to assist account owners in accessing their account.

Do I have until July 15 to contribute to my 2019 IRA?

Yes. Because the due date for filing Federal income tax returns has been postponed to July 15, the deadline for making contributions to your IRA for 2019 is also extended to July 15, 2020.

More information

How do I change my payment date?