The 2019 income tax filing and payment deadlines for all taxpayers who file and pay their Federal income taxes on April 15, 2020, are automatically extended until July 15, 2020. You will automatically avoid interest and penalties on the taxes paid by July 15.

Is IRS going to extend filing deadline again?

WASHINGTON — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in the coming days.

Is there a deadline to file taxes on July 15?

WASHINGTON ― The Department of the Treasury and IRS today announced the tax filing and payment deadline of July 15 will not be postponed. Individual taxpayers unable to meet the July 15 due date can request an automatic extension of time to file until Oct. 15.

What’s the deadline to file income tax in Michigan?

July 15 is a deadline you don’t want to overlook. The Michigan state income tax return and the City of Detroit return are due July 15, too, for those who have not yet filed. Can you wait even longer? It is possible to file a Form 4868 by July 15 to receive a three-month automatic extension to file, until Oct. 15.

What is the penalty for not filing taxes by July 15?

Though interest and late-payment penalties continue to accrue on any unpaid taxes after July 15, the failure to pay tax penalty rate is cut in half while an installment agreement is in effect. The usual penalty rate of 0.5% per month is reduced to 0.25% For the calendar quarter beginning July 1, 2020, the interest rate for underpayment is 3%.

When is the deadline to file Form 4868?

Individual taxpayers have several easy ways to file Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return, by the July 15 deadline. Tax software providers have an electronic version available.