As Federal measures to mitigate the economic effects of the COVID-19 (Coronavirus) pandemic continue to roll out, states are slowly adopting their own guidance. On March 19, 2020, Governor Northam announced tax changes to assist Virginia residents and businesses in hope of lessening the economic impact caused by COVID-19.

[ Updated March 20, 2020 | 1:52pm ]

Virginia Income Tax Payments

Virginia has extended the state income tax payment deadline to June 1, 2020. However, Tax returns for businesses and individuals are still due on May 1.

Please note that interest will still accrue, so taxpayers who are able to pay by the original deadlines should do so. 

Virginia Sales Tax Payments

In addition to an income tax payment delay, Virginia has also made changes to provide relief on Sales Tax payments. February sales tax payments that were due on March 20, 2020, may be deferred until April 20, 2020. Businesses wishing to defer must submit a request filed with the Department of Taxation to defer the filing of the return and payment of tax due. 

While penalties will be waived if the deferral is granted, businesses will still be charged interest on the late payments.

The AICPA has created a PDF to help track changes in each state. CLICK HERE to view the document.

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