has not postponed the deadline for making first-quarter 2021 estimated tax payments, as it did last year when it delayed Tax Day because of the pandemic. How do I sign up for Credit Karma? Gov. See the tax deadline for extensions, when taxes are due for estimated payments & how to save on taxes before the deadline. Promotional support provided by InsiderNJ. While that may somewhat ease accounting issues posed by a longer delay, it could still present a challenge for the state Department of Treasury since it would truncate the timeline for collecting and tabulating state returns. “We recognize the difficulties a postponement of the filing and payment deadlines could create,” he said. “With limited in-person tax assistance at local tax preparation clinics, libraries and community centers, tens of millions of our constituents are facing the same logistical hurdles as last year,” the House members said in a letter to the IRS. Gov. By: Daniel J. Munoz April 15, 2020 8:16 am. Earlier this month, the New Jersey Society of Certified Public Accountants urged state officials to act quickly this time around if the federal government extends the filing deadline again. What is the tax deadline in 2021? That move came as shutdown orders were being enacted in New Jersey and in many other states to slow the rate of new COVID-19 infections. Despite the extension, the IRS is encouraging taxpayers who are owed a refund to file as quickly as possible. Views expressed by our advertisers and sponsors are their own, and are not endorsed by NJ Spotlight News. The deadline to file an appeal in the New Jersey Tax Court and the County Board of Taxation for municipalities that have undergone a municipal-wide revaluation or reassessment is the later of May 1, 2021, or 45 days from the date the bulk mailing of the Notice of Assessments is completed. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. “However, COVID-19 and other circumstances necessitate action to ensure that the millions of affected taxpayers have sufficient time to meet their tax obligations.”. Did Tax Day get extended? In a typical year, April income-tax payments are a major source of revenue for New Jersey’s budget that help keep spending in balance in the run-up to the closeout of the fiscal year. Why aren’t more eligible NJ seniors using federal food assistance? New Jersey Filing Deadline On March 19, New Jersey announced that the state income tax filing and payment due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021, to mirror actions taken by the IRS. Taxpayers have until 11:59 p.m. Major funding provided for Chat Box with David Cruz provided by New Jersey Manufacturers Insurance Group, New Jersey Education Association, and Fuel Merchants Association of New Jersey. You must pay at least 80% of any owed taxes no later than May 17, 2021, to avoid a late filing penalty; You will have until October 15, 2021, to file your New Jersey return. The IRS announced earlier this month that the federal income tax filing due date for individuals is now May 17, 2021, postponed about month from its … “We want taxpayers to take advantage of every tax benefit they can. “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. Feds OK delay on taxes, but NJ deadline still April 15 — for now March 18, 2021 A push to ban tax prep companies from charging fee for electronic filing of NJ state returns ET on May 17 to file their tax returns, as opposed to the usual April 15 date. © 2021 Advance Local Media LLC. Liberty Tax? “We stand in the midst of the most important tax filing season in recent memory, and taxpayers cannot get the help they need from the IRS,” the Democrats said in a statement . N.J. extends tax deadline to May 17, matching federal change Updated Mar 19, 2021; Posted Mar 19, 2021 New Jersey has extended its tax deadline to meet the federal extension. New Jersey followed suit and gave taxpayers an extra three months to file. New Jersey eventually followed suit, but not until the very last minute, causing widespread confusion among taxpayers and accountants. irs tax filing extension deadlines, irs tax return filing deadline, federal tax filing deadline extension, llc tax return filing deadline, deadline for filing income tax, state filing deadlines taxes, deadline for filing tax returns, nj tax filing deadline Coach, Speaker and carefully for millions of Singapore, the collision. 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. IRS extends tax deadline by one month Updated Mar 18, 2021; Posted Mar 17, 2021 Taxpayers will have extra time to file their 2020 tax returns. NJCPA Calls on New Jersey to Follow Federal Lead on Any Tax Deadline Extension. While the federal filing and payment deadline for tax year 2020 returns temporarily changed to May 17, 2021, not every state tax filing deadline for 2020 coincides with the temporary federal due date.. We’ll walk you through what you need to know about these revised deadlines, but first let’s recap what’s normal for state taxes. It required the adoption of a three-month stopgap budget through Sept. 30, 2020, followed by a nine-month budget through June 30. “Last year’s New Jersey extension wasn’t finalized until April 13. March 11, 2021, 10:17 am | in . Please subscribe now and support the local journalism YOU rely on and trust. Additional support for NJ Spotlight News is made possible by the Robert Wood Johnson Foundation, PSEG Foundation, Wells Fargo Foundation, the E.J. When is Tax Day 2021? Chronological Listing of Filing Deadlines. Karin Price Mueller | NJ Advance Media for NJ.com. Rep. Richard Neal, the chairman of the House Ways and Committee, teamed up with Rep. Bill Pascrell on Monday to demand the IRS delay Tax Day. This extension applies to individual taxpayers, including individuals who pay self-employment tax. NJCPA Calls on New Jersey to Follow Federal Lead on Any Tax Deadline Extension – March 11, 2021 Statement by Ralph Albert Thomas, CPA (DC), CGMA, CEO and Executive Director Lawmakers and the Murphy administration on Wednesday said they agreed to push the state budget deadline from June 30 to Sept. 30, and the state tax filing deadline from April 15 to … NJ tax filing, state budget deadlines extended by 3 months . How to maximize your full financial potential, Status of congestion pricing deal: It’s complicated, NJ Citizen Action pushes free tax-filing centers as deadline approaches, New law will require businesses to offer retirement savings program. “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.”. Kirby Foundation, the Hyde and Watson Foundation, and the Union Foundation. “Should the federal government decide to extend the tax filing deadline, we look forward to working with our colleagues in the Legislature to determine the best course of action for New Jersey,” Treasury spokeswoman Jennifer Sciortino said. Feds OK delay on taxes, but NJ deadline still April 15 — for now. E-file.com? Subscribe today for news you need now. Here's what you need to know - and what to do if you need even more time. 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. Formal guidance will be provided in the coming days. Such a late decision, so close to April 15, caused chaos for New Jersey taxpayers and tax preparers,” said Ralph Albert Thomas, the group’s executive director and chief executive officer. Last year, the federal government postponed the traditional April 15 tax deadline to July 15. ROSELAND, N.J. – Once the American Rescue Plan is signed by President Biden, the IRS is expected to extend the April 15 tax filing deadline. Last month, Pascrell (D-9th) and other members of the oversight panel sent a letter to the IRS commissioner saying an extension is warranted because “many Americans continue to face the same challenges that necessitated extending the filing season last year.”. Tax Act? New Jersey has decided to follow the IRS individual taxpayer filing deadline of May 17; however, estimated 2021 NJ income tax payments are still due April 15, 2021. Payment Dates for Weekly Payers. Notable municipal-wide reassessments this year were performed in Hackensack and Paterson. John Reitmeyer has covered state and local government in New Jersey for more than 20 years, and for the last five years with NJ Spotlight News. Prior to joining NJ Spotlight, Reitmeyer wrote for The Record of Bergen County, The Burlington County Times and The Press of Atlantic City. Both New Jersey and the Internal Revenue Service extended the state and federal income tax filing deadlines from April 15, 2021 to May 17, 2021. “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. While no decision has been announced by President Joe Biden’s administration, legislation introduced in Trenton this week seeks to give New Jersey taxpayers an extra month to submit their state tax returns in the event the federal Internal Revenue Service eventually delays its own tax deadline. The bill, which has yet to be scheduled for a hearing, would have to pass both the Assembly and Senate and signed into law before the state’s April 15 deadline could be moved. Accurate. Feds OK delay on taxes, but NJ deadline still April 15 — for now, A push to ban tax prep companies from charging fee for electronic filing of NJ state returns, No relief for unemployed and undocumented. Jackson Hewitt? But the I.R.S. Here's everything you need to know. National accounting groups and other organizations have been calling on Biden for another filing extension. U.S. Rep. Bill Pascrell, a New Jersey Democrat who chairs the House Ways and Means Committee’s oversight subcommittee, is among the chorus. Phil Murphy and lawmakers also extended the state’s fiscal year by three months since the delayed tax deadline meant final payments would be collected after the state’s traditional fiscal year ended on June 30. (TRENTON) – State Treasurer Elizabeth Maher Muoio announced today that New Jersey property owners who are eligible for the Senior Freeze property tax reimbursement program will have an additional month to apply for the relief program, with the application deadline now being extended until February 1, 2021. ©2021 NJ SPOTLIGHT NEWS, ALL RIGHTS RESERVED, State lawmaker prepares bill to postpone filing deadline to May 15, if the IRS does the same for federal income taxes. The new deadline for filing your 2020 federal tax return is May 17, 2021. All rights reserved (About Us). “It’s important to individuals and businesses that New Jersey conforms to any change in the IRS deadline so that affected taxpayers have sufficient time to meet their tax obligations,” he said. Major funding for NJ Spotlight News provided by Horizon Blue Cross Blue Shield of New Jersey, New Jersey Education Association, New Jersey Manufacturers Insurance Group, Orsted, PSEG Foundation, the Robert Wood Johnson Foundation, and RWJ Barnabas Health. Does this extension really help? Major funding for Reporters Roundtable with David Cruz provided by RWJBarnabas Health, New Jersey Manufacturers Insurance Group, and New Jersey Realtors. This extension applies to individual taxpayers, including individuals who pay self-employment tax. Legislators, tax preparers and tax industry associations have been calling for a delay to give people more time to file their returns. Karin Price Mueller may be reached at KPriceMueller@NJAdvanceMedia.com. Those will still be due on April 15. State Treasurer Elizabeth Maher Muoio announced that New Jersey property owners who are eligible for the Senior Freeze property tax reimbursement program will have an additional month to apply for the relief program, with the application deadline now being extended until February 1, 2021. Phil Murphy said. Under the proposal, state income and corporate-business tax returns and payments could be submitted by May 15 this year without any extra fees, penalties or interest. Sarlo cited similar concerns this week when he announced the corresponding state legislation. To accommodate the change, Murphy and lawmakers extended that fiscal year into September, a restructuring some ultimately said they regretted. January 1, 2021 - December 31, 2021. The deadline for estimated 2021 PA income tax payments remains the same at April 15, 2021 and has NOT been extended. Filing electronically with direct deposit is the quickest way to get refunds, and it can help some taxpayers more quickly receive any remaining stimulus payments they may be entitled to. He primarily focuses on issues related to the state budget, taxes and public finance. During a time of so much economic and financial upheaval, the deadline extensions will provide more certainty and consistency for taxpayers.”. The deadline for individuals to file both federal and state income taxes for the 2020 tax year has been extended from April 15, 2021 to May 17, 2021. “The state and federal deadlines need to be aligned so that the benefits of (an) IRS extension are not lost,” Sarlo said. Senator Paul Sarlo, chairman of the Senate Budget and Appropriations Committee, said it’s important for the state to match federal timetables. The federal tax filing deadline postponement to May 17, 2021, only applies to individual federal income returns and tax (including tax on self-employment income) payments otherwise due April 15, 2021, not state tax payments or deposits or payments of any other type of federal tax. John Reitmeyer, Budget/finance writer | March 19, 2021 | Personal Finance, Business. Now, people want the 2021 deadline to be extended, too. The bill is sponsored by Senate Budget and Appropriations Committee Chair Paul Sarlo (D-Bergen), who said it’s important to keep the filing deadlines on the same schedule since most taxpayers prepare their state and federal taxes at the same time. NJ Spotlight News exists in part thanks to generous foundation support, including our founding funders the Community Foundation of New Jersey, the John S. and James L. Knight Foundation, and the William Penn Foundation -- as well as the Robert Wood Johnson Foundation, the Fund for New Jersey, the Peter and Carmen Lucia Buck Foundation, the Wyncote Foundation, and the Healthcare Foundation of New Jersey, and the Nicholson Foundation. Tax Day this year is May 17, 2021. The deadline to e-File a New Jersey State Tax Return is April 15, 2021. Promotional support provided by New Jersey Business Magazine. On Tuesday, Pascrell signed onto a call for an extension that was backed by a bipartisan group of 100 House members. The filing deadline for tax returns has been extended from April 15, 2021, to May 17, 2021. 'Senior Freeze' Tax Deadline Extended In NJ, Including Caldwells - Caldwells, NJ - Low-income seniors and people with disabilities in the Caldwells may … The New Jersey Estate Tax was phased out in two parts. Federal and New Jersey tax filing deadlines moved back. Statement by Ralph Albert Thomas, CPA (DC), CGMA, CEO and Executive Director, New Jersey Society of Certified Public Accountants . (AP Photo/Patrick Sison, File)AP. New Jersey taxpayers could get more time to file their state income-tax returns this year if federal officials relax the April 15 deadline for a second straight year amid the coronavirus pandemic. The IRS extended the 2019 tax filing deadline by 90 days last year because of the coronavirus pandemic. Alphabetical Summary of Due Dates by Tax Type. The 2021 tax deadline - for paying taxes for the year 2020 - has been pushed back by the IRS due to the effects of the coronavirus pandemic. If the resident decedent died: On December 31, 2016, or before, the Estate Tax exemption was capped at $675,000; On or after January 1, 2017, but before January 1, 2018 , the Estate Tax exemption was $2 million; On or after January 1, 2018, no Estate Tax will be imposed. Here's when state returns are due Here's when state returns are due Published Mon, Mar 29 2021 11:13 AM EDT Updated Wed, Apr 7 2021 1:30 PM EDT Eligible Applicants Now Have Until February 1st to Apply for Relief. Essential. However, unlike last year, first quarter 2021 individual estimated tax payments are not being extended and will still be due on April 15. Immediate. NJ Advance Media Statehouse reporter Samantha Marcus contributed to this report. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Community Rules apply to all content you upload or otherwise submit to this site. The IRS extended the federal tax deadline. Registration on or use of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your California Privacy Rights (each updated 1/1/21). 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