Haven’t filed your taxes? SC, federal deadline pushed back due to coronavirus
South Carolina taxpayers and businesses can breathe just a bit of relief if they have not filed their state tax returns.
On Tuesday, Gov. Henry McMaster announced the state’s Department of Revenue has decided to extend its tax deadline to June 1 as the state continues to deal with the spread of the coronavirus now in at least 13 counties, including Richland. In Washington, Treasury Secretary Steven Mnuchin said the federal government also will extend its payment deadline 90 days to give taxpayers more time to pay their 2019 tax bills.
That is now more of a reality. On Friday, the Internal Revenue Service said it is pushing back the federal deadline from April 15 to July 15. Mnuchin said President Donald Trump directed the Treasury Department and the IRS to extend the deadline.
“The idea behind this is to allow these businesses to ... maintain their cash flow during this crisis in order that they may be able to pay their employees,” McMaster told reporters Tuesday.
The state’s revenue department said taxpayers and businesses will now have until June 1 to file and pay taxes for returns that are due between April 1 and June 1. That includes both individual and corporate income taxes, sales and use tax, admissions tax and others filed and paid to the agency.
DOR said it is extending the tax relief to:
▪ Taxpayers and businesses in South Carolina impacted by coronavirus;
▪ Taxpayers who have businesses in South Carolina with offices in the state;
▪ Taxpayers with tax records located in the state;
▪ And taxpayers whose tax returns are prepared by tax professions impacted by coronavirus.
Planning to file yourself or your business? The S.C. Department of Revenue recommends using the agency’s online services to file.
This story was originally published March 18, 2020 at 10:39 AM.
