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New Jersey Tax Filing Deadline is Extended from April 15th to July 15th

New Jersey Tax Filing Deadline is Extended from April 15th to July 15th

Daniel Levin
April 2, 2020/0 Comments/in header, Latest News, News
by Daniel Levin

The state income tax filing deadline and the corporation business tax filing deadline will be extended from April 15 to July 15, as part of the State’s response to the ongoing COVID-19 pandemic. This is an automatic extension. There is no need to file for an extension.

Governor Phil Murphy, Senate President Steve Sweeney and Assembly Speaker Craig Coughlin issued the following joint statement yesterday on the tax filing deadline and the state budget timetable:

“The ongoing COVID-19 pandemic has caused hardships, financial strain, and disruptions for many New Jerseyans and New Jersey businesses. As part of our response, we have reached agreement that the state income tax filing deadline and the corporation business tax filing deadline will be extended from April 15th to July 15th.

“Additionally, as part of the whole-of-government effort that is going into fighting COVID-19, we have agreed that the state fiscal year should be extended to September 30th . This will allow the Administration and the Legislature to focus fully on leading New Jersey out of this crisis, and to allow for a robust, comprehensive, and well-informed budget process later in the year.

“We are committed to working together to enact the necessary legislation and supplemental appropriations to accomplish these goals.”

Previously, the U.S. Treasury Department and Internal Revenue Service announced that the federal income tax filing due date is also extended from April 15 to July 15. Taxpayers can also defer federal income payments due on April 15, 2020 to July 15, 2020, without penalties and interest, regardless of the amount owed. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax. Taxpayers do not need to file any additional forms or call the IRS to qualify for this automatic federal tax filing and payment relief.

 

Header:  Photo courtesy Governor Phil Murphy’s Facebook page

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