Tax Deadlines for 2019 Tax Year (Filing in 2020)

KCS Wealth Advisory (Byline: Laura Gilman and Katrina Soelter)

June 10, 2020

Coronavirus has shifted a lot in our lives this year, so it has been easy to lose track of things like the upcoming tax deadlines. Yes, that’s right! With most tax filing extensions pushed to July 15 because of the Covid-19 upheaval, you are not alone if you forgot that you still must complete your taxes.

To help ease your path in filing, we’ve put together a handy chart of the tax deadline changes you might be concerned about. A few important highlights:

  • For Individual Tax Returns: the first deadline is July 15, 2020 – yes, that is in 1 month!!
    • You can still request an extension by July 15, giving you until October 15 to actually file your taxes
  • You still have time to make retirement contributions for 2019!
    • IRA and Roth IRA contributions for last tax year (2019) are allowed until the July 15 deadline
  • Payroll taxes, usually paid quarterly, can be deferred for 2020:
    • 50% must be paid by 12/31/2021 and the remaining 50% must be paid by 12/31/2022

As always, reach out to us or your CPA with questions. Here’s the full chart:

*Links for additional state tax deadlines if you are not in CA:

** Please check with your CPA to ensure your eligibility for these contributions.

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