Limerick: Earned Income Tax (eit) Rate Update

Press release from Limerick Township:

April 8, 2020

Earned Income Tax (EIT) Rate Update

Earned Income Tax (EIT) Rate Update

Act 10 of 2020, recently signed into law by Governor Tom Wolf, directs that the Department of Community and Economic Development (DCED) coordinate the filing extension and payment deadlines of the Local Earned Income Tax so that they coincide with State filing extensions.

INDIVIDUALS: With the enactment of Act 10 of 2020, the filing deadline for 2019 Individual Earned Income Tax Returns in Pennsylvania has been extended to July 15, 2020. This means taxpayers will have an additional 90 days to file from the original deadline of April 15.

This extension applies to both 2019 individual tax returns and payments as well as estimated payments for the 1st quarter of 2020. Additionally, all penalties and interest will be waived on 2019 earned income tax payments through the new deadline of July 15, 2020.

Some localities and collection agencies have already announced extensions for local earned income tax returns – the enactment of Act 10 now makes this universal to ALL municipalities in the Commonwealth.

EMPLOYERS: Currently, there are no extensions for Employer 1st quarter 2020 earned income tax returns or payment of the 1st quarter 2020 tax withheld from employees – that deadline remains April 30.

This press release was produced by Limerick Township. The views expressed here are the author’s own.