Update on the July 15th tax deadline

Update on the July 15^th tax deadline

Hello everyone, Lynn Spencer here. This post has the new tax filing deadlines for 2020.

You now have until July 15^th to do the following:

File and pay federal and state of Georgia 2019 income taxes. You will automatically avoid interest and penalties on the 2019 taxes if paid in full by July 15^th, 2020. Penalties and interest will begin to accrue on any remaining unpaid balances as of July 16^th, 2020
Pay your first quarter 2020 federal and state of Georgia tax estimates. Please note that your 2^nd quarter tax estimate is still due June 15^th, 2020
Make IRA and Roth IRA contributions to count for the 2019 tax year. The IRA and Roth IRA contribution limits are $6,000 and an extra $1,000 if you were age 50 or older by the end of 2019

If you need to file your taxes in a state other than GA, please contact us for details of that state’s filing deadlines.

If you need anything from us here at Killingsworth Spencer in Roswell please feel free to call or email me at lynn@killingsworthspencerllc.com. Everyone here at Killingsworth Spencer is committed to your success, and we will help work through the new financial updates as they are introduced.

HAVE A SAFE WEEK