Everyone has an automatic 6-month filing extension in Virginia, which moves the filing deadline from May 1 to November 1 for most taxpayers (and since Nov. 1, 2020 is a Sunday, you actually have until Monday, Nov. 2 to file this year).
Virginia’s individual tax filing deadline automatically extended until November. If you need additional time to file your individual income tax return, there is a six month automatic extension for Virginia. Returns will now be due on November 2. In addition, taxpayers also have an extra month to pay taxes this year.
Income tax payments deferred until June 1, 2020: Due to the COVID-19 response efforts, any individual income tax payments for Taxable Year (TY) 2019 that were due from April 1, 2020, to June 1, 2020, will now be due on or before June 1, 2020.
Most people must file and pay their tax owed by April 15, 2021. California grants you an automatic extension to file your state tax return. No form is required. You must file by October 15, 2021.
The Treasury Department and the Internal Revenue Service are providing special tax filing and payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns has been extended from April 15 to July 15, 2020.
File your Virginia individual income taxes for free To be sure you file your Virginia income tax return for free: Choose the software you want to use directly from our Free File page. If you access software from somewhere else – including the IRS’s Free File page – you may be charged a fee to file your state return.
Last year, the deadline for filing your federal income tax return was pushed back from April 15 to July 15 because of the COVID-19 pandemic. However, even though the start of tax season is later than usual this year (February 12), the April 15, 2021, due date hasn’t been changed for most people – at least so far.
If you’re planning to file paper forms for both your federal and state returns, you can file your state return before your federal return. You may be considering this option if your goal is to use your state refund to pay for your federal tax liability.
filing penalty. The penalty is 6% of the tax due for every month or a part of a month that the return is late. The maximum penalty is 30% of the tax due. There is no minimum late penalty and no late filing penalty is assessed on zero balance or refund returns.
New Laws in Virginia Effective July 1, 2020 and Noteworthy Actions by the Virginia Legislature Decriminalization of Marijuana. Gun Control. Tax Increase: Cigarette & Tobacco Products. Tax Decrease: Gun Safes. Parole Reform. Sex Trafficking. Human Rights. Hate Crimes.
We’re continuing to process returns as quickly as we can without compromising accuracy or the security of your data. If you’ve already filed, you do not need to file an amended return. The tax bills passed in this year’s General Assembly included a provision that conforms Virginia’s tax laws with federal tax laws.
Virginia automatically grants all taxpayers a 6-month extension of time to file their income tax return. For calendar year filers, the filing date is automatically extended to November 1. You are NOT required to file Form 760IP in order to obtain this automatic extension. You must pay any tentative tax due by May 1.
If you don’t owe any additional state tax beyond the amounts you paid through withholding and estimated taxes, you generally won’t face penalties. The exact amount of the penalties you face can vary from state to state, but they tend to mirror the penalties that apply to federal returns.
” State Tax Due ” means that the taxes withheld from your wages (or otherwise paid in by you) are not enough to cover the amount of tax you actually owe to the state for which you are filing.
To Open with Good News… If you owe $0 (that’s zero dollars) in taxes or if you are owed a refund, you are not required to file your taxes. If you do file late, there is no penalty. Isn’t that great? Except, if you are owed a refund and don’t file within three years of the associated tax date, the IRS gets to keep it.