KTT Global Advisors

Update on April 2020 Tax Deadlines – 3/24/20

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UPDATED – Mar 25, 2020:

With everyone focused on the FEDERAL delay of filing and payment deadlines to July 15, it’s important to note that some STATES have not delayed their filing and/or payment deadlines for 2019 individual and business income taxes.

The following summary is by no means comprehensive, and is focused on INCOME taxes; 2019 filings. It does not apply to property, excise, sales, business franchise, payroll, 2020 Q1 estimated income, local income, or other taxes. The AICPA link below contains a more comprehensive list of updates.

Bus. = business (excl pass thru). Ind. = individual. Inc. = income. Inv. = investment

  • PAYMENT AND FILING DELAYED (Jul 15 unless noted): AK (bus.), AL, AZ, CA, CO, CT, DC, DE, FL (bus. only – case by case), GA, HI, ID (Jun 15), IN, IA, LA, MD, MN, MS (May 15), MO, MT, NM, NC, NY, OH, OK, OR (ind. only so far), PA (ind only so far), RI, SC, TN (inv. inc.), TX (bus.), UT (ind. only so far), VT, WA (bus. upon request, and then only if you’re nice)

  • PAYMENT DATE DELAYED (Jul 15 unless noted); NO CHANGE TO FILING DATE: VA (June 1)

  • FILING DATE DELAYED (Jul 15 unless noted); NO CHANGE TO PAYMENT DATE: NH – bus. & ind. inv. inc filing delayed to EOY IF all payments have been made by April 15.

  • NO CHANGE TO FILING OR PAYMENT DATE (yet): AR, IL, KS, KY, ME, MA, MI, NE, NJ, NV (bus. only), ND, UT (bus.)

  • NO STATE INCOME TAX (so no need for a delay):

    • No Ind. or Bus.: SD, WY

    • No Ind., but Bus.: AK, FL, NH (inv. inc. is taxed), NV, TN (inv. inc. is taxed), TX, WA

Here is a LINK to state abbreviations

https://www.aicpa.org/content/dam/aicpa/advocacy/tax/downloadabledocuments/coronavirus-state-filing-relief.pdf

NOTE: if I missed a state, sorry. Also, I know DC isn’t a “state” (but should be!)

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