IRS, Montana extend filing & payment deadline for 2019 taxes
To help ease sudden financial burdens left in the wake of the COVID-19 outbrea
k, the United States Treasury and Internal Revenue Service have pushed Tax Day from its usual slot of April 15th to July 15th, a three-month filing and payment deadline extension. Those who have yet to file and/or owe income taxes will now have until the recently announced date to settle their dues, whether paying in full or making alternative arrangements. Those owed a refund are encouraged to file as soon as possible, though six-month extensions may still be available if needed.
The extension automatically applies to all individual returns for up to $1M of taxes due in 2019, including self-employed taxpayers and other entities. As of this writing, penalties and interest are set to go into effect beginning July 16th.
Note: the State of Montana also extended its filing and payment deadline to July 15th, in accordance with the federal extension. Learn more at www.mtrevenue.gov.
To learn more about the IRS relief efforts in response to COVID-19, visit www.irs.gov. Those with an annual income of $69,000 and below qualify for various Free File products. •
