By Peter Reiss
Pennsylvania Extends Tax Deadlines Due to Coronavirus Emergency
We recently discussed the automatic (no paperwork required) IRS extension to July 15 of the date to file individual federal income tax returns and pay the tax, with no interest and no penalties.
We failed to note that Pennsylvania has also extended the filing and payment date to July 15 for state returns normally due on April 15. Many other states have done so as well.
The deadline to make contributions to IRAs, Roth IRAs, and SEP IRAs, and have them count as 2019 contributions, is also extended. So is the deadline to contribute to Health Savings Accounts (HSAs) and Medical Savings Accounts (MSAs).
The extension is not “mandatory”, so if your income tax return is ready to file and you are due a refund, you should file as soon as possible to get the refund as soon as possible.
There is no definitive word on whether the usual October 15 extension date will be extended.
This article is not legal advice and is provided for informational purposes only. Actual legal advice can only be provided after consultation by an attorney licensed in your jurisdiction.