Source: NJ.com, Samatha Marcas of NJ Advance Media
New Jersey has finally pushed its tax day to July 15 because of the coronavirus crisis, giving you 90 more days to file and pay your state income taxes.
The announcement catches the state up to the IRS, which announced the three-month extension on March 20 as part of its response to the coronavirus economic crisis.
“The ongoing COVID-19 pandemic has caused hardships, financial strain, and disruptions for many New Jerseyans and New Jersey businesses," Murphy said in a joint statement with the Senate president and Assembly speaker. “As part of our response, we have reached agreement that the state income tax filing deadline and the corporation business tax filing deadline will be extended from April 15th to July 15th.”
The federal tax extension had created a challenge for New Jersey, which operates on a July 1 to June 30 fiscal year and relies on April tax payments to pay its bills.
Murphy made the new filing and payment deadline official Wednesday morning as part of an announcement that the state would extend the current fiscal year until Sept. 30. READ MORE: https://www.nj.com/coronavirus/2020/04/nj-moves-income-tax-filing-deadline-to-july-15-because-of-coronavirus-crisis.html