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State tax collection revenue fell 26.2% in April
State revenue from tax collections fell 26.2% in April, Gov. Ralph Northam announced Thursday. This is primarily due to tax deadline extensions for individual and corporate income taxes, which were extended until June 1 due to the COVID-19 pandemic. “April tax receipts are consistent with our estimate of a $1 billion reduction in the fourth […]
Federal tax filing deadline moved to July 15
Due to the COVID-19 pandemic, the federal government has moved tax filing deadlines from April 15 to July 15, U.S. Secretary of the Treasury Steven Mnuchin announced Friday in a pair of tweets. Virginia state tax returns are still due on May 1, but the state is granting a one-month extension for payment of individual […]
Virginia extends tax payment deadline to June 1
Virginia is granting a one-month extension for payment of individual and corporate state income taxes by June 1, although tax returns are still due May 1, Virginia Secretary of Finance Aubrey Layne Jr. said during a state coronavirus news briefing Thursday. Anyone who pays their state income tax after June 1 will not incur late […]
