Ask Your COVID-19 Questions Here
Has the deadline for filing taxes been extended? Where can I find information on tax relief programs?
Income and Corporation Business Taxes
Yes. The state income tax filing deadline and the corporation business tax filing deadline have both been extended from April 15 to July 15, as part of the State's response to the ongoing COVID-19 pandemic.
This is an automatic extension. There is no need to file for an extension.
Additionally, the deadline for the quarterly payment due on April 15 is extended to July 15. The second quarter payment will still be due on June 15.
Previously, the U.S. Treasury Department and Internal Revenue Service announced that the federal income tax filing due date is also extended from April 15 to July 15. Taxpayers can also defer federal income payments due on April 15, 2020 to July 15, 2020, without 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. Taxpayers do not need to file any additional forms or call the IRS to qualify for this automatic federal tax filing and payment relief. Individual taxpayers who need additional time to file beyond the July 15 deadline, can request a filing extension by filing Form 4868 through their tax professional, tax software or using the Free File link on IRS.gov. Businesses who need additional time must file Form 7004.
Be sure to check with your local government for any deadlines regarding municipal property taxes. Governor Murphy has announced an Executive Order allowing municipal governments to extend the grace period for property tax payments due May 1st until June 1st.
Property taxpayers in municipalities which take this opportunity to extend their grace period under this order will now have until June 1st to pay their May 1st payment without incurring interest or paying a penalty.
NOTE: Most property owners pay their taxes through their mortgage escrows, but for those who pay directly to their municipalities, this is an additional measure of relief.
Tax Relief Programs
The IRS has established a resource page to help taxpayers, businesses, and others affected by COVID-19.
For information on the State's property tax relief programs, visit: https://www.state.nj.us/treasury/taxation/relief.shtml
Source: https://www.nj.gov/governor/news/news/562020/approved/20200413c.shtml; https://www.nj.gov/governor/news/news/562020/approved/20200401a.shtml, https://www.irs.gov/newsroom/tax-day-now-july-15-treasury-irs-extend-filing-deadline-and-federal-tax-payments-regardless-of-amount-owed; Governor's Remarks 4/15/20; Executive Order No. 130