The IRS has extended the federal income tax filing due date for individuals for the 2020 tax year from April 15, 2021 to May 17, 2021. The filing deadline will be automatically extended.
Income tax payments for the 2020 tax year that are due on April 15, 2021 have also been postponed to May 17, 2021 without penalties and interest regardless of the amount owed. After May 17, 2021 penalties, interest, and additions to tax will begin to accrue.
Individuals who need additional time to file beyond the May 17, 2021 deadline can request a filing extension until October 15 by filing Form 4868. Click here to access the extension link on the IRS website.
The IRS is urging individual tax payers who are due a refund to file as soon as possible. Most tax refunds associated with e-filed returns are issued within 21 days.
Note: The relief does not apply to estimated tax payments that are due on April 15, 2021. These payments are still due on April 15th.
This extension ONLY applies to the Federal Tax Filing and not State Tax Payments or Filings. State filing and payment deadlines vary and are not always the same as the federal filing deadline. To check with your state, click here.
An exception to note is the disaster declarations for Texas, Louisiana, and Oklahoma. The IRS announced relief for victims of the February winter storms in these states. Therefore, these states have until June 15, 2021 to file various individual and business tax returns as well as tax payments. This extension to May 17th does not affect the June deadline. Please click here to visit the disaster relief page on the IRS website.
If you need assistance with your 2020 taxes, please call Mike Coglianese at 630-461-5841 or email email@example.com.
To review our tax services, please visit our tax services page here.