COVID-19 Updates Concerning Tax Season

Tax Filing and Payment Deadlines:

1.The Federal Tax Deadline for Tax Returns is now July 15, 2020. No interests or penalties.

2. The Commonwealth of Virginia has moved the deadline to pay taxes from May 1 to June 1, 2020. The deadline to file the return is still May 1, 2020. Additionally, while there are no penalties to defer payment the 30 days, it will accrue interest. **It is important to take note that to complete your state tax return, you must have your federal tax return completed. 

3. Virginia is also delaying the payment deadline for state sales taxes due from retailers on Friday, March 20, by 30 days, until April 20. The payments are due quarterly.

STAY INFORMED

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