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ARCHIVED (3/23/20) - 2019 Fed Tax Deadline Extended: 7/15/2020

The IRS has officially extended the deadline for the 2019 federal personal tax returns.  As the world grapples with the effects of Covid-19, the US government has been considering ways to help American families.  Originally, the filing deadline remained the same, while all tax payments would be extended to 7/15/2020.  Now, they have officially moved the tax filing deadline to 7/15/2020 as well.  Please keep in mind that each state deadline may be different.  As of currently, the California tax return is due 6/15/2020 while Maryland is 7/15/2020.  So, please double check with your state.

This also means that IRA and Roth IRA contributions for 2019 have now been extended until 7/15/2020.  “There’s never been a date in the tax code, it’s always been tied to the filing deadline,” Ed Slott, [founded of IRAhelp.com] said. “[By extending the tax deadline], they automatically extended the deadline to make an IRA contribution last year.”

This adjustment is only for this one year.  2020 tax returns are due 4/15/2021.

 

https://money.usnews.com/money/personal-finance/taxes/articles/tax-deadline-extension-what-you-need-to-know?fbclid=IwAR3GZFJZkWGuSiyByYgQusBKjDVFpamb-rCw-bnS8wlqwjl2nXqd1fuqbsA

https://www.foxbusiness.com/personal-finance/coronavirus-tax-delay-retirement-account-implications

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