From the first announcement by U.S. Secretary of the Treasury, Stephen Mnuchin in mid-March that Federal individual and corporate income tax return payment deadlines would be extended, there has been speculation regarding a similar move to extend deadlines for New Jersey tax filing and payment deadlines.

With this in mind, we are pleased to announce that The New Jersey Legislature passed a bill to extend the April 15, 2020 personal income tax and corporate business tax filing and payment deadlines to July 15, 2020 and Governor Murphy is expected to sign it on April 14, 2020.

What deadlines have been extended in the bill:

  • 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, 2020.

What deadlines have NOT been extended in the bill:

  • Second quarter 2020 estimated tax payments, still due June 15, 2020
  • 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

In recognition of the challenges brought by social distancing and shelter-at-home, The Division of Taxation will accept images of signatures (scanned or photographed) and digital signatures on documents related to the determination or collection of tax liability. In addition, the Division of Taxation will allow Division employees to accept documents via email and to transmit documents to taxpayers established through secured messaging systems.

For up to date information, please visit New Jersey website https://www.state.nj.us/treasury/taxation/duedates.shtml