SPRINGFIELD — Illinois Gov. JB Pritzker Wednesday announced he has postponed Tax Day in Illinois to July 15, 2020.
“Illinois will delay our tax deadline from April 15 to July 15, aligning our tax day with the federal government’s, and giving our millions of taxpayers three additional months to file their individual returns,” he said during his daily coronavirus press briefing.
President Donald Trump Friday directed the Internal Revenue Service to extend the federal tax deadline.
Earlier this week Senate Minority Leader Bill Brady (R-Bloomington) urged Pritzker to take similar action.
Your state tax return is predicated on your federal tax return,” Brady said during a remote interview on Tuesday afternoon. “It doesn’t give Illinois much relief, or accountants in Illinois much relief from that, if Illinois residents still have to go to their accountant to do their tax return for Illinois, which by the way requires that their federal return pretty much be done.”
Pritzker had suggested that Illinois was waiting to see what aid might come from Congress before taking any action to push back the state’s tax filing deadline, since the cash-strapped state relies heavily on its anticipated revenues.
“There are challenges for the state of just cash flow,” Pritzker said. “We receive a lot of those revenues typically in April and they’re planned for spending related to those revenues that come in in April.”
According to the Illinois Department of Revenue, even though the deadline has been extended, taxpayers expecting a refund should file as soon as they can. The fastest, most secure way to receive a refund is to file tax returns electronically and request direct deposit into a checking or savings account.