DENVER (CBS4)– The Colorado Department of Revenue will extend the Income Tax payment deadline by 90 days to July 15. This extension is similar to the Internal Revenue Service extension.

According to the CDR, the payment extension applies to any qualifying income tax payment, regardless of the amount.

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Coloradans will have the option to pay any 2019 income tax payments that would normally be due on April 15 of this year, by July 15, without penalty or interest. This extension only applies to money owed by taxpayers for the 2019 tax year.

Taxpayers who are required to make estimated income tax payments for the 2020 tax year are also being granted an extension. Estimated payments due on April 15, 2020 and June 15, 2020 may be paid any time on or before July 15, 2020 without penalty.

The Treasury Department and Internal Revenue Service announced last week that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.

Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed.

Additional Information from the Colorado Department of Revenue:

The Department is continually monitoring this evolving situation and responding in real-time to address the questions and concerns of Coloradans. To help keep the public informed, CDOR has set up a COVID-19 page where we will post all updates and changes related to taxes, deadline extensions, services and penalties.

Please visit www.Colorado.gov/Tax/COVID-19-Updates for more information.

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