As the City of Philadelphia continues to navigate the fast-moving COVID-19 coronavirus pandemic, our number one priority is the health and safety of our residents. The Philadelphia Department of Revenue recognizes that the extraordinary measures necessary to keep Philadelphians safe are having a profound impact on many residents and businesses.
To offer relief, Mayor Kenney and Revenue Commissioner Frank Breslin announced today that the Department is changing a number of payment deadlines for Real Estate and some business taxes.
Real Estate Tax due date extension
We ask that taxpayers who can pay their Real Estate Taxes electronically or by mail by March 31 to do so. This will help ensure continuity of City and School District operations. But we know that many residents are struggling. If you cannot pay your Real Estate Tax by March 31, we have extended the deadline to pay an additional 30 days. The due date for 2020 Real Estate Taxes is now April 30, 2020.
We have also extended the deadline to apply for an installment payment plan for 2020 Real Estate Tax. These plans have always been available to all seniors and low-income homeowners. For this year, we will accept applications for 2020 taxes until April 30, 2020. Homeowners can find applications for all Real Estate Tax relief programs at www.phila.gov/real-estate-relief.
Business Income & Receipts Tax and Net Profits Tax filing and payment extensions
We also know that the current safety precautions are especially impacting businesses in the city and the overall economy. To offer relief, the City is extending filing and payment dates for some business taxes. These changes will permit delayed filing and payments, for a potential infusion of around $500 million into the economy over the next three months.
Again, we ask taxpayers who can file and pay their taxes to do so by April 15, 2020. This will help ensure continuity of City and School District operations.
But we know that many businesses are facing extreme circumstances. To support Philadelphia’s businesses, we are taking the following measure:
- The Department of Revenue will honor the federal extensions granted to businesses from the IRS for filing and payments until July 15, 2020 for the Business Income and Receipts Tax and the Net Profits Tax. This policy includes estimated payments.
- No action is required from businesses to take advantage of this extension policy in Philadelphia.
Other business relief measures are coming from other parts of City government, and we will update this information as those details become available.
The Department of Revenue continues to monitor this situation and may make additional updates to these policies. Find the Department’s latest announcements on www.phila.gov/revenue. You can also sign up to receive emails with important Philadelphia tax news: bit.ly/2IV7OQv.