14 Apr
Coronavirus Tax Filing & Payment

Extended Tax Deadlines in New Jersey

Governor Phil Murphy is expected to sign a bill today to extend the April 15 personal income tax and corporate business tax filing and payment deadlines to July 15.

The New Jersey Division of Taxation posted information on the 2019 Return due dates. Here are some of the highlights from the New Jersey Society of Certified Public Accountants:

What’s been extended:

  • 2019 gross income tax returns and payments, including trusts
  • 2019 corporate business tax returns and payments
  • First quarter 2020 GIT/CBT estimated tax payments
  • First quarter 1041 estimates
  • Partnership returns and payments
  • Partnership filing fees and licensed professional fees

Penalties and interest will not be imposed on the balance of 2019 income tax due between the original due date and July 15.

What has NOT been extended:

  • Second quarter 2020 estimated tax payments
  • Sales and use tax filings and remittances
  • Payroll tax remittances (including those imposed by the New Jersey Department of Labor and Workforce Development)
  • Inheritance taxes

We’ll continue to keep you updated on new information. In the meantime, feel free to reach out to Cg with questions.

Sources:
“New Jersey Extends Tax Deadlines, Here’s the List.” New Jersey Society of CPAs, April 13, 2020. https://www.njcpa.org/stayinformed/explore/topics/full-article/2020/04/13/new-jersey-extends-tax-deadlines-heres-the-list.
“Official Site of The State of New Jersey.” State of NJ – Department of the Treasury – Division of Taxation – 2019 Return Due Dates, April 13, 2020. https://www.state.nj.us/treasury/taxation/duedates.shtml.