New Jersey has extended its deadline for the 2020 tax year to May 17, matching the extended deadline set by the federal government earlier this week, according to state officials.
This extension applies to individual taxpayers, including people who pay self-employment tax, officials said in a statement.
But there will not be an extension for first quarter 2021 individual estimated tax payments, the statement said. Those will still be due on April 15.
“As we continue the arduous job of emerging from this pandemic, we are extending this relief to taxpayers in what we know is a very difficult time,” Gov. Phil Murphy said. “Our hope is that the extension gives taxpayers with difficult circumstances, including filings made more complicated by various relief programs and employment changes, the extra the time they may need.”
Senator Paul Sarlo, chairman of the Senate Budget and Appropriations Committee, said it’s important for the state to match federal timetables.
“The extension will give taxpayers breathing room to account for all the changes in what is becoming one of the most complicated tax seasons in decades,” he said, noting that federal stimulus plans have made tax filing for complicated this season. “We want taxpayers to take advantage of every tax benefit they can. During a time of so much economic and financial upheaval, the deadline extensions will provide more certainty and consistency for taxpayers.”
Legislators, tax preparers and tax industry associations have been calling for a delay to give people more time to file their returns.
The IRS extended the 2019 tax filing deadline by 90 days last year because of the coronavirus pandemic. New Jersey followed suit and gave taxpayers an extra three months to file.
That extension created a challenge for New Jersey, which operates on a July 1 to June 30 fiscal year and relies on April tax payments to pay its bills. To accommodate the change, Murphy and lawmakers extended that fiscal year into September, a restructuring some ultimately said they regretted. It required the adoption of a three-month stopgap budget through Sept. 30, 2020, followed by a nine-month budget through June 30.
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NJ Advance Media Statehouse reporter Samantha Marcus contributed to this report.
Karin Price Mueller may be reached at KPriceMueller@NJAdvanceMedia.com.
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