State, federal tax filing deadline is now July 15 due to COVID-19 fallout

MSR News Online/MSR News Online

The State of Minnesota is extending the tax filing and payment deadline to July 15, 2020, for 2019 Individual Income Tax returns. Now both the IRS and Revenue will accept individual income tax returns through July 15, 2020, without assessing penalties or interest.

Treasury Secretary Steven Mnuchin announced the IRS’ three-month extension on Friday, March 20.

The Department of Revenue encourages Minnesotans who expect refunds to file as soon as they are ready, and taxpayers who do not need extra time to pay, to file and pay as soon as possible to help support the COVID-19 response across the state.

This grace period does not include state estimated tax payments for individual income taxes due April 15, 2020, for the 2020 tax year.

While the Minnesota due date of April 15, 2020, has not changed, under current Minnesota law, corporations receive an automatic extension to file their state return to the later of November 15, 2020, or the date of any federal extension to file.

If unable to file taxes by July 15, 2020, taxpayers may request relief from other late-file or late-pay penalties, additional tax charges, or interests, for reasonable cause or the state of emergency declarations by the president and governor due to COVID-19. You may request relief after being notified of a penalty.

If you have questions about this new income tax payment deadline, call 651-296-3781 or 1-800-652-9094 (toll-free) or email: individual.incometax@state.mn.us.

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