The Last Day to File Taxes in 2020 (Don’t Forget!)

Last Day to File Taxes

Update: Due to the Coronavirus crisis, taxpayers and businesses will have (according to the IRS website) until July 15, 2020, to pay and file their 2019 tax returns.

Head’s up…many post offices stay open later on tax day to ensure you get your return filed.

Tax Penalty if You Don’t File on Time

You will be penalized 5% (of the amount of additional taxes you owe beyond what you paid in) each month you haven’t filed. This penalty maxes out at 25% of the additional tax you owe.

So if you owe $100 in additional taxes, by August 15th you’d owe $105 ($100 plus the 5% penalty).

Wait to file more than 60 days after the tax deadline and you’ll face a minimum penalty of $135 or 100% of your tax, whichever is the smallest.

One important thing to note. Always file even if you cannot pay. The penalties for not filing listed above are much steeper than the penalties for not paying. If you can’t file a complete return, file an extension. Here’s how to do that.

Related: Where to Get Your Taxes Done (The 3 Best Places and Prices)

Quick Tips for Filing On Time

Here are some things you can do to ensure you file on time by the deadline.

  • Add the tax deadline to your calendar right now! Paper calendar, digital calendar, etc. Set up the deadline or a reminder so you don’t forget.
  • Grab a checklist to ensure you know what forms to start looking for in the mail and in your inbox. Check the items off as they come in. That leads to my next point…
  • Start a file folder (digital and/or physical) for keeping all of your forms in one place. Once you’re ready to file you’ll know exactly where to find everything.

More Tax Deadlines in 2020

  • January 31, 2020 – This is the date by which you should have received a W-2 from employers you worked for during the tax year. If not, contact their HR/Payroll department to resend tax documents
  • March 15, 2020 – Last day for corporations to file their 2019 taxes using Forms 1120, 1120A, and 1120S. They can also file an extension using Form 7004.
  • April July 15, 2020 – Last day to file 2019 taxes as an individual. Extension Form 4868 should be filed if you can’t complete your return on this date. Payment needs to be made, though.
  • May 15, 2020 – Last day for non-profits with a calendar year to file their 2019 Form 990.
  • September 17, 2020 – Last day for corporations to file extended returns.
  • October 15, 2020 – Last day for individuals to file extended returns.

Software You Can Use on the Last Day to File Taxes

  1. TurboTax – TurboTax offers free online filing for federal tax returns as well as discounted software for more extensive returns. Every year I didn’t have a business I filed my tax returns using TurboTax and the process was extremely simple.
  2. H&R Block – H&R Block is better known for their brick and mortar branches, but now they’ve amassed a fantastic online option. Whether you need a free federal file, deluxe or business package, H&R Block can deliver.
  3. TaxAct – The first tax software I ever used, TaxAct is no stranger to the world of free filing services. They offer a solid service and won’t cost quite as much as the bigger, more well-known brands.
  4. FreeTaxUSA – Owned by TaxHawk, FreeTaxUSA was founded in 2001 and has been provided free federal tax returns for over a decade. There is no fee for returning users to roll over previous years tax data and the costs for state or deluxe filers is much lower than other sites ($12.95 / $5.95 respectively).

So that’s the who, when, and where of tax deadlines this year. Now you know the last day to file taxes. Are you planning on filing as soon as possible or waiting until the 15th of July?

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About Philip Taylor, CPA

Philip Taylor, aka "PT", is a CPA, blogger, podcaster, husband, and father of three. PT is also the founder and CEO of the personal finance industry conference and trade show, FinCon.

He created Part-Time Money® back in 2007 to share his advice on money, hold himself accountable (while paying off over $75k in debt), and to meet others passionate about moving toward financial independence.


    Speak Your Mind


  1. Janet Rivera says

    A couple of years ago, I decided to use TurboTax over my certificated accountant. One of the reasons is I am always on a business trip and can’t really meet her up. But the biggest reason is that those tax software are very helpful nowadays. If you don’t know much about the entire process, TurboTax gives you step by step instruction to show you how to get it done. I am very familiar with it already so I always choose the items to work on directly. More than like, it gives you a comparison chart so you can compare it with last year’s figures side by side. The feelings you can get it done on your own is simply awesome. Just in case you get audited in the future and need some advice, make sure you purchase additional service “MAX Assist & Defend” from TurboTax. Hope I won’t need it but at least it gives me a peace of mind.

  2. I use TurboTax, plan to file my taxes before the end of this month. Had to wait for Schedule K to show up – it is pain to own a master limited partnership (MLP). I made decent money, however, it was a pain to enter all the information in. For this one reason, I have decided to never buy an MLP again.

  3. brokeandbeau says

    Luckily my father is a tax attorney so I just hand over the receipts and spreadsheets where I track my expenses each year and he deals with the rest.

  4. Happy May Day 2012

  5. SamanthaIsSooSavory says

    Just fyi — the april deadline in this article still has “2011” instead of “2012” (the actual year in which is the present). 😉

  6. What do I do if I didn’t receive a 1099-R untli March 1 – it was postmarked February 27.  Can I report them?  (By the way, I just filed my taxes yesterday, February 29).

    • Philip Taylor says

      Did you include the income (on your 1099-R) on your return? You can report them. Would be at least a $60 fine for them.

  7. If i owe taxes from 09′ and 10′ can they be duducted when i file taxes this year?

  8. Philip Taylor says

    No. The IRS doesn’t email.

  9. I got an email saying that I have to pay penalties for not filing before January 31st. Is this legit?

  10. I got an email saying that I have to pay penalties for not filing before January 31st. Is this legit?

  11. Who do you contact if my w-2 was not mail out by my bank by Jan 31

    • Philip Taylor says

      @Heath1bare You should contact the HR department of the company.

    •  @Heath1bare Banks issue forms 1099 for interest earned or form1098
      for mortgage interest paid rather than W-2 forms issued by employers.  If your interest earned is less than $10 per year, there would be no 1099 issued.

  12. w/taxes due on the 18th maybe emancipation day shouldn’t be celebrated until the 19th this year…

  13. Thanks for this unfortunate reminder.