The Department of Revenue officially announced that Minnesota’s income tax filing and payment deadline is now July 15, 2020, to align with recent federal changes. Taxpayers have until July 15 to file and pay 2019 individual income taxes that otherwise would be due April 15, without accruing any penalties or interest.
The change includes all estimated and other tax payments for tax year 2019 that would otherwise be due April 15, 2020. It does not include estimated tax payments for Minnesota income tax due April 15 for the 2020 tax year. It also does not include corporate franchise, S-Corporation, Partnership, or Fiduciary taxes, though these taxpayers can receive an automatic extension. This is different than the federal changes, which did extend the date for estimated 2020 payments as well.
All taxpayers can keep up with tax-related updates at the Department of Revenue’s website: https://www.revenue.state.mn.us/our-response-covid-19. Updates on federal tax issues may be found at the IRS website: https://www.irs.gov/.
Although the deadline for some taxpayers has been moved to July 15, taxpayers anticipating a refund should file as soon as possible in order to receive their refund promptly. In addition, taxpayers who can afford to file and pay by April 15 should continue to do so in order to help the state’s revenue stream remain robust enough to respond to continuing COVID-related challenges.
Taxpayers who believe they cannot pay by the new July 15 deadline may request a cancellation or reduction in penalties, additional tax, and interest for late filing or payment for a reasonable cause, including emergency declarations by the president and governor due to COVID-19. More information on abatements may be found here: https://www.revenue.state.mn.us/penalty-abatement-information-individuals.