Illinois announced today that the 2019 income tax filing and payment deadlines for all taxpayers who file and pay their Illinois income taxes on April 15, 2020, are automatically extended until July 15, 2020.
This relief applies to all individual returns, trusts, and corporations, and because it is automatic, taxpayers do not need to file any additional forms or call IDOR to qualify.
Penalties and interest will begin to accrue on any remaining unpaid balances as of July 16, 2020. You will automatically avoid interest and penalties on the taxes paid by July 15, 2020.
IMPORTANT NOTE ABOUT ESTIMATED TAX PAYMENTS: Please note that this announcement does NOT impact the first and second installments of estimated payments for 2020 taxes, which are still due April 15 and June 15, respectively. Taxpayers are required to estimate their tax liability for the year and make four equal installments. Taxpayers will not be assessed a late estimated payment penalty if the amount of the installments equals 90% or more of the current year’s liability or 100% of the previous year’s liability.
You can access the full text of the IDOR announcement at the link here.
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