On April 14th Governor Murphy signed into law a bill that provides New Jersey taxpayers a three-month extension to pay and file their state individual gross income, partnership, and corporation business taxes. According to the office of New Jersey Governor Phil Murphy, the New Jersey income tax deadline will now be July 15, 2020 to match the Federal postponed deadline.
An earlier press release from the office of the Governor states as follows:
Joint Statement by Governor Murphy, Senate President Sweeney, and Assembly Speaker Coughlin
TRENTON – Governor Phil Murphy, Senate President Steve Sweeney and Assembly Speaker Craig Coughlin issued the following joint statement today on the tax filing deadline and the state budget timetable:
“The ongoing COVID-19 pandemic has caused hardships, financial strain, and disruptions for many New Jerseyans and New Jersey businesses. As part of our response, we have reached agreement that the state income tax filing deadline and the corporation business tax filing deadline will be extended from April 15th to July 15th.
“Additionally, as part of the whole-of-government effort that is going into fighting COVID-19, we have agreed that the state fiscal year should be extended to September 30th . This will allow the Administration and the Legislature to focus fully on leading New Jersey out of this crisis, and to allow for a robust, comprehensive, and well-informed budget process later in the year.
“We are committed to working together to enact the necessary legislation and supplemental appropriations to accomplish these goals.”
Here at BKC, we are continuing to provide dedicated and prompt income tax preparation services, so please provide your information to us at your earliest convenience. If you owe money, payments will not be due until July 15, 2020 regardless if we complete and electronically file your tax returns prior. Contact us to discuss further.
Learn more about our Tax Planning & Compliance Services.
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