In a press release dated March 21st, 2020, Missouri Governor Parson announced the extended payment and filing deadlines for Missouri state income tax. The decision mirrors that of the Internal Revenue Service in response to the evolving issues surrounding COVID-19 (coronavirus).
Key takeaways surrounding the Governor’s announcement are as follows:
- the Missouri state income tax filing deadline has been moved from April 15 to July 15, 2020
- all individuals, C corporations, and trusts and estates will also be granted an extension to July 15, 2020 for payment of income tax due
- estimated tax payments for the tax year 2020 normally due on April 15, 2020 will also be extended to July 15, 2020
- no penalties or interest will be assessed until July 16, 2020 and extensions are able to be filed until July 15, 2020 for your 2019 return
Missouri’s decision comes after the Federal deadline extension was announced last week. Our team is closely monitoring this situation as it evolves. As of today, March 23rd, Illinois has yet to announce any extension of filing or payment deadlines. Our team will keep you updated if Illinois follows Missouri’s lead on this issue.