State extends tax filing deadline to May 17
ALBANY, N.Y. » According to Gov. Andrew Cuomo, New Yorkers will have more time to file their taxes.
“I’ve directed the New York State Department of Taxation and Finance to extend the New York State income tax deadline to May 17,” Cuomo stated.
“This extension aligns with the federal government’s and provides New Yorkers still coping with the complications of the COVID-19 pandemic ample time to file their taxes,” Cuomo explained.
“This will shift approximately $6 billion of revenue from April to May and the State will make any necessary adjustments to cashflow,” State Budget Director, Robert F. Mujica Jr. noted.
This past week, the U.S. Treasury Department and
Internal Revenue Service moved the federal income tax deadline for individuals to May 17.
In addition to earlier calling for and drafting proposed legislation for the state extension to align with the federal government, State Sen. Jim Tedisco’s proposed legislation would also comply with new federal law and exclude the first $10,200 of unemployment benefits from 2020 taxable income.
“While I’m gratified the Governor listened to my call to extend the state’s income tax deadline to May 17 to parallel the federal government’s extension, I’m disappointed he has given a tax slap to those New Yorkers who collected unemployment by failing to follow the federal government’s lead and exempting the first $10,200 of unemployment benefits from 2020 taxable income,” Tedisco stated.
“This is an example of the Governor being too consumed with the serious federal and state investigations into his nursing home deaths cover-up and harassment of staff to effectively lead and govern and be an advocate for the taxpayers of New York State. I will continue to pursue legislation to help our unemployed New Yorkers who have suffered under Cuomo’s rule during this pandemic,” Tedisco added.