![]() This means your 2020 tax year first and second quarter estimated tax payments, previously due on April 15 and June 15, are now both deferred until July 15. This delay in payment comes interest- and penalty-free, for 90 days, until July 15, regardless of the amount owed.įurthermore, anyone who needs to make quarterly estimated tax payments also has until July 15 to submit these payments. The Treasury and IRS announced the deferment of filing your federal tax return as well as specific federal tax payments. The tax extension deadline generally applies to all calendar year tax-paying entities, including individuals, self-employed persons, and trusts and estates. ![]() How are individuals affected by the tax deadline extension? To understand how individuals (including self-employed individuals, trusts and estates) and corporations will be impacted by this tax deadline extension, read more below. Remember, as with all extensions you apply for, you'll still need to pay any estimated tax liability by July 15 or face underpayment penalties and interest charges. ![]() While the automatic tax deadline extension doesn't require you to file Form 4868 to request the extension, you still have this option if you need more time (specifically until October 15, 2020). The average refund this year has topped $2,800, according to the IRS. However, taxpayers expecting a refund are still encouraged to file their tax returns as soon as possible so that they can receive their refunds. The three-month extension will automatically apply to calendar year filing individuals, inclusive of the self-employed, trusts and estates as well as C corporations. In March of 2020, the COVID-19 pandemic led the Treasury and IRS to delay when Americans are required to file their tax returns, calling for an automatic tax deadline extension to Jfor your 2019 taxes. To find your state's tax deadline, and to stay updated on the latest tax deadline information, please visit our blog post: " IRS Announced Federal Tax Filing and Payment Deadline Extension." 2020 Tax Deadline Extension Many state tax filing deadlines may change to reflect the federal deadline. ![]() First and second quarter estimated tax payment deadlines are still April 15, 2021 and June 15, 2021. The new federal tax filing deadline doesn't apply to 2021 estimated tax payments. But, you'll still need to pay any taxes you owe by May 17. If you file for an extension, you'll have until Octoto file your taxes. Individual taxpayers may defer tax payments until the new filing deadline, interest and penalty free. The new federal tax filing deadline is automatic, so you don't need to file for an extension unless you need more time to file after May 17, 2021. This extension also applies to 2020 tax payments. Due to severe winter storms, the IRS has also extended the tax deadline for residents of Texas, Oklahoma and Louisiana to June 15, 2021. The federal tax filing deadline for 2020 taxes has been automatically extended to May 17, 2021. Many Bostonians will be cheering on the runners at the Boston Marathon while much of the rest of the country labors away sorting out their tax documents to meet the Monday deadline.For information on the third coronavirus relief package, please visit our “ American Rescue Plan: What Does it Mean for You and a Third Stimulus Check” blog post. This year, that lands on April 18, meaning filers in those states have until Tuesday the 19th to file. Patriots’ Day is observed on the third Monday each April in the two New England states. Emancipation Day will postpone the IRS deadline again in 2023.Ģ022 Tax guide: Key dates for filing and extensions, claiming credits and planning for refundsĪnother regional holiday grants the residents of Massachusetts and Maine an additional day to report their taxes. Since DC Emancipation Day came officially online in 2005, Tax Day has landed on April 15 only seven times, the last time being in 2019. In most cases, the deadline got pushed back to the 16th or 17th simply because the 15th fell on a weekend. public holiday technically falls on Saturday, April 16, but is observed by the government on the closest weekday when it falls on a weekend.Ĭongress initially set the filing deadline in March, but it revised the Internal Revenue Code in 1954, moving the deadline to April 15, where it remains.īut through 67 years, Tax Day has fallen outside of April 15 26 times, according to.
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