Taxpayers and businesses will have until July 15, 2020 to pay their taxes this year, but the filing deadline is still April 15. The change was announced on Tuesday afternoon by Treasury Secretary Steven Mnuchin, following President Donald Trump's declaration of a national state of emergency in the United States as a result of efforts to combat the Covid-19 Coronavirus pandemic and minimize economic disruption.
While the IRS extended the tax payment deadline to July 15, 2020, that does not mean that we should all wait to file our tax returns. If you have a refund coming to you, we strongly advise that you file as soon as possible to get the ball rolling on your refunds.
Also, remember that the tax payment deadline extension does not extend the April 15th filing date. However, we are happy to obtain a 6 month filing extension if you want one.
We are following very closely to see if Virginia will offer any similar relief.