Federal and state tax deadlines extended, Estimated Tax payments still due April 15

The U.S. Treasury Department and Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15 to May 17.

According to their news release, individual taxpayers can also postpone federal income tax payments for the 2020 tax year due April 15 to May 17, without penalties and interest, regardless of the amount owed. This postponement applies to individual taxpayers, including individuals who pay self-employment tax.

This relief does not apply to estimated tax payments that are due April 15. These payments are still due April 15, according to the release.

California taxpayers can also breathe a collective sigh of relief as the Franchise Tax Board announced California will extend the state tax filing and payment deadline for individuals to May 17. This extension also does not apply to estimated tax payments due April 15.

For more information, visit http://FTB.ca.gov.

Tony Ault can be reached by email at [email protected].