Updated May 17, 2020

Coronavirus Tax Deadline: Less Than 20% Will Take Advantage; Perceived As More Helpful Than It Probably Is

COVID-19

The IRS has recently changed the 2019 tax deadline to July 15, 2020.

In light of this change, Money Done Right worked with Google Consumer Surveys to survey 1,000 American adults to learn:

  • how helpful this deadline change will be to the average American and
  • how helpful this deadline change is perceived to be to the average American.

How Helpful Is the Deadline Change?

For most Americans, the tax deadline change may not be helpful at all.

Less Than 20% Taking Advantage of Change

In fact, only 19.5% of respondents said that they would file their tax return later than usual in light of the tax deadline change.

This means that over 80% of Americans have either already filed their tax return or are not going to take advantage of the new deadline.

 

This Is Probably a Good Thing

To be frank, the fact that less than 20% of Americans play on delaying their tax filings to July 15 is probably a good thing.

Yes, the federal government has finally kicked things into gear and is beefing up its response to the COVID-19 crisis, but of course it’s very possible that the situation could become worse than it is today and that tax refunds for everyday Americans could become significantly delayed.

So if you like your money in your pockets — because your money is exactly what a tax refund is — rather than in Uncle Sam’s pockets, file your return as soon as you can and get that refund.

Helpful for Some

That said, for many Americans who have an outstanding tax liability and may not have the cash on-hand to pay it due to the current crisis, having until July 15 to pay their balance can be extremely helpful.

How Helpful Is the Deadline Change Perceived to Be?

Based on our research presented above, the tax deadline change may not be helpful to most Americans.

However, what surprised us was that the majority of Americans believe the tax deadline change to be helpful.

We asked 1,000 Americans how helpful they believe the tax deadline extension to be for the average American, and 79.9% stated that the deadline change is helpful to some degree, with over 40% stating that the change is “extremely helpful” or “very helpful” to the average American.

 

A Selfless American Public?

Of course, this could also be a sign of selflessness on the part of the American public.

While less than 20% of Americans state that they will take advantage of the new deadline, the vast majority believe that this deadline change is helpful to the average American.

This is perhaps signaling that Americans are thinking more broadly about the good of their fellow citizens rather than just about whether or not this change benefits them personally.

Frequently Asked Questions

Here are some frequently asked questions about the coronavirus tax deadline change.

What is the new tax deadline?

The new tax deadline is July 15, 2020, for 2019 individual tax returns.

Do I have to file an extension to take advantage of the new deadline?

No.  The deadline extension is automatic.  However, if you need until October 15 to file your tax return, you should file Form 4868, as you can in any normal year.

However, keep in mind that extending your tax return deadline until October 15 does not extend your 2019 tax balance due deadline to October 15; you would still have to pay your balance due by July 15, the extended payment deadline.

Are estimated tax payments pushed back as well?

Yes, first quarter 2020 estimated tax payments — which were previously due April 15, 2020 — are now due July 15, 2020.

However, second quarter 2020 estimated tax payments are still due on their original due date of June 15, 2020.

I scheduled my 2019 tax payment to be withdrawn on April 15.  Can I change the date to July 15 now?

Yes, you can, but you will need to contact the U.S. Treasury Department at 888-353-4537 to receive instructions on how to do this for your situation as it depends on how you scheduled your tax payment.

Have states extended their tax deadlines as well?

The fact that the IRS has extended the federal tax deadline has no bearing on states and their respective tax deadlines.

Some have proactively changed their tax deadline to match with the federal deadline, and some haven’t.

Below is a chart of the 2019 individual tax filing and tax payment deadlines in the states as of March 26, 2020.

State COVID-19 Fiilng Deadlines
State NameCOVID-19 Deadline Conformity
AlabamaJuly 15, 2020
AlaskaNo personal income tax
ArizonaJuly 15, 2020
ArkansasJuly 15, 2020
CaliforniaJuly 15, 2020
ColoradoJuly 15, 2020
ConnecticutJuly 15, 2020
DelawareJuly 15, 2020
District of ColumbiaJuly 15, 2020
FloridaNo personal income tax
GeorgiaJuly 15, 2020
HawaiiJuly 20, 2020
IdahoJune 15, 2020
IllinoisJuly 15, 2020
IndianaJuly 15, 2020
IowaJuly 31, 2020
KansasJuly 15, 2020
KentuckyJuly 15, 2020, but interest still accrues
LouisianaJuly 15, 2020
MaineApril 15, 2020
MarylandJuly 15, 2020
MassachusettsApril 15, 2020
MichiganApril 15, 2020
MinnesotaJuly 15, 2020
MississippiMay 15, 2020
MissouriJuly 15, 2020
MontanaJuly 15, 2020
NebraskaJuly 15, 2020
NevadaNo personal income tax
New HampshireApril 15, 2020
New JerseyApril 15, 2020
New MexicoJuly 15, 2020, but interest still accrues
New YorkApril 15, 2020
North CarolinaJuly 15, 2020, but interest still accrues
North DakotaJuly 15, 2020
OhioApril 15, 2020
OklahomaJuly 15, 2020
OregonJuly 15, 2020
PennsylvaniaJuly 15, 2020
Rhode IslandJuly 15, 2020
South CarolinaJuly 15, 2020
South DakotaNo personal income tax
TennesseeNo personal income tax; Hall tax deadlines remain April 15, 2020
TexasNo personal income tax
UtahApril 15, 2020
VermontJuly 15, 2020
VirginiaMay 1, 2020 for tax return; June 1, 2020 for payment; interest still accrues
WashingtonNo personal income tax
West VirginiaApril 15, 2020
WisconsinJuly 15, 2020
WyomingNo personal income tax
 
Logan Allec, CPA

Logan is a practicing CPA, Certified Student Loan Professional, and founder of Money Done Right, which he launched in July 2017. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.

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