New York—Personal Income Tax: Guidance Issued on June Estimated Payments

15 June 2020

As previously reported, New York extended the April 15, 2020, due date to July 15, 2020, for personal income tax and corporation tax returns originally due on April 15, 2020, and for all related tax payments, including estimated tax payments, that were due on April 15, 2020. However, the due date for estimated tax payments due on June 15, 2020, for personal income, fiduciary, and corporate taxpayers was not changed.

For purposes of 2020 estimated tax payments, individuals and fiduciaries should consider the estimated tax payment due on June 15, 2020, as the 1st installment payment towards the 2020 tax year. Individuals and fiduciaries should consider the estimated tax payment due on July 15, 2020, as the 2nd installment payment of the 2020 tax year. Penalties for underpayment of estimated tax for individuals and fiduciaries will be calculated based on these revised dates.

Important Notice N-20-8, New York Department of Taxation and Finance, June 11, 2020