The new Texas Franchise Tax extended deadline

This is just a quick reminder that the Comptroller has extended the normal deadline for the 2020 Texas Franchise Tax Report. This is the report that covers the calendar year 2019, plus any tax year that ended in 2019. The extended deadline would normally be due on November 15, 2020, but due to the COVID-19 pandemic, the deadline was postponed. You can check the status of your account on the Comptroller’s website.

The Texas Comptroller added time to file extended Texas Franchise Tax Reports. If you extended your Texas Franchise Tax Report on July 15, 2020 (for non-EFT Franchise Taxpayers) and August 15, 2020 (for EFT Franchise Taxpayers), the due date is now January 15, 2021. Their initial posting had said it was only extended to the normal November 15 deadline.

You can read more about the deadlines for the 2020 Texas Franchise Tax Reports on my post from last summer.

I also want to point out that this postponed deadline only applies to the 2020 Texas Franchise Tax Report. The 2021 reports currently are back to using the traditional deadline of May 15, 2021.