Personal Finance and Investing

https://www.mnbar.org/resources/publications/bench-bar/columns/2020/03/20/alert-individual-tax-filing-season-impacted-by-covid-19


Summary.The net result of the Federal and Minnesota tax filing and payment obligations as of now is that:

Federal tax filing and tax payment obligations for all taxpayers due April 15th (for 2019 year returns and for estimated taxes due for the 2020 year) are automatically postponed to July 15, 2020.
Federally, there is no limit on the amount of tax payments that may be postponed until July 15th and no extension forms need be filed to take advantage of this postponement.
Minnesota individual taxpayers now have until July 15, 2020 to file and pay taxes for their 2019 taxable year.
The Minnesota changes do not, however, apply to individual estimated taxes due on April 15, 2020 for the 2020 taxable year, or to the existing April 15th due dates for tax payments of MN corporate franchise or partnership, S-corporation or fiduciary income taxes, though extensions for those returns continue to be addressed under existing Minnesota law.