Prompted by the COVID-19 pandemic, the Treasury Department and the Internal Revenue Service (“IRS”) announced on March 21, 2020 that the federal income tax filing due date has been automatically extended from April 15, 2020 to July 15, 2020. The IRS further announced that taxpayers can also defer federal income tax payments due on April 15, 2020 to July 15, 2020, without incurring any 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.
In addition, on Friday, March 19, 2020, at the direction of Governor Ned Lamont, the Connecticut Department of Revenue Services (DRS) announced that it is extending the filing and payment deadline for personal income tax returns by 90 days to July 15, 2020. The extension also applies to Connecticut estimated income tax payments for the first and second quarters of 2020.
Both the IRS and the DRS have indicated in their public announcements that taxpayers anticipating a refund may still file before the new July 15, 2020 deadline.
This blog will be updated when more information becomes available.