In extending the deadline to file Form 1040 series returns to May 17, the IRS is automatically postponing to the same date the time for individuals to make 2020 contributions to their individual retirement arrangements (IRAs and Roth IRAs), health savings accounts (HSAs), Archer Medical Savings Accounts (Archer MSAs), and Coverdell education savings accounts (Coverdell ESAs). WASHINGTON — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. Further reading: What is Form 7004 and How to Fill it Out. This follows a previous announcement from the IRS on March 17, that the federal income tax filing due date for individuals for the 2020 tax year was extended from April 15, 2021, to May 17, 2021. The IRS urges taxpayers who are due a refund to file as soon as possible. In general, estimated tax payments are made quarterly to the IRS by people whose income isn't subject to income tax withholding, including self-employment income, interest, dividends, alimony or rental income. The tax extension also comes as the IRS has been handed another big task: processing a third round of direct payments to households, this time for $1,400 each. This year, many Canadians will probably have a more complicated return, especially those who collected CERB or … These are some reasons you may want to file an extension: You've got a few things left to organize before you can file; A sudden change in your life that needs your full attention "Even with the new deadline, we urge taxpayers to consider filing as soon as possible, especially those who are owed refunds. The law provides a three-year window of opportunity to claim a refund. For tax year 2017 Federal income tax returns, the normal April 15 deadline to claim a refund has also been extended to May 17, 2021. And in 2021, the IRS is once again pushing back the federal tax return deadline. The IRS announced that federal taxes are now due May 17. For more information about the Annual Filing Season Program, visit the Tax Pros page on IRS.gov. An official website of the United States Government. These states have until June 15, 2021, to file various individual and business tax returns and make tax payments. An official website of the United States Government. Additionally, foreign trusts and estates with federal income tax filing or payment obligations, who file Form 1040-NR, now have until May 17, 2021. Individual taxpayers who need additional time to file beyond the May 17 deadline can request a filing extension until Oct. 15 by filing Form 4868 through their tax professional, tax software or using the Free File link on IRS.gov. Taxpayers also will need to file income tax returns in 42 states plus the District of Columbia. The reason for this is that many expats have to file foreign taxes first, so they can’t file their US taxes by April 15th (depending on foreign tax filing dates). The normal due date is April 15. Hong Kong – Automatic Three-Month Extension of 2018/19 Tax Payment Deadlines HK – 3-Month Extention of 2018/19 Tax Payment Deadlines Hong Kong’s Chief Executive announced recently that tax payment deadlines for 2018/19 Salaries Tax, Tax under Personal Assessment, and Profits Tax which fall between April to June 2020 are automatically extended by three months. To e-file Your Taxes. The IRS moved the big April 15 tax filing deadline to July 15, but that will be here before you know it. US Tax Filing Deadline Delayed Amid Coronavirus Fallout. White House/Flickr. In general, estimated tax payments are made quarterly to the IRS by people whose income isn't subject to income tax withholding, including self-employment income, interest, dividends, alimony or rental income. Notice 2021-21 PDF provides details on the additional tax deadlines which have been postponed until May 17. The IRS extended the 2020 tax deadline through May 17, 2021. If you live in one of the 41 states with income taxes, your … announced that the tax year 2020 federal income tax filing and payment due date for individuals would be automatically extended from April 15, 2021 to May 17, 2021. Updates regarding tax relief as a result of the COVID-19 pandemic can be found at IRS.gov. The White House is eager to keep more cash in the hands of people who are suffering. Most taxpayers automatically have their taxes withheld from their paychecks and submitted to the IRS by their employer. The deadline to file 2020 North Carolina individual tax returns has been extended to May 17, 2021. Filing Form 4868 gives taxpayers until October 15 to file their 2020 tax return but does not grant an extension of time to pay taxes due. State tax returns. The good news for procrastinators on their taxes this year is that the IRS and Treasury have extended the typical April 15th tax filing (and estimated payments) deadline to July 15th. 20, 2020. A few other notable extensions include: 1Q21 estimated quarterly tax payments are extended from April 15 to June 15; The deadline for 2020 IRA Contributions is extended from April 15 to June 15; Should you take advantage of this extension, or not? Penalties, interest and additions to tax will begin to accrue on any remaining unpaid balances as of May 17, 2021. In March, 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 July 15, 2020 for your 2019 taxes. The IRS will be providing formal guidance in the coming days. While a tax extension will give you more time to file your actual return, it won't give you more time to pay the IRS if you owe money from 2020. Your state taxes may still be due April 15. The IRS will be providing formal guidance in the coming days. According to IRS data, at least 21 million fewer tax returns were filed by the April deadline this year than in 2019, showing that many people took advantage of the automatic extension. The federal tax filing deadline for 2020 taxes has been automatically extended to May 17, 2021. However, this extension does not apply to tax payments. Forms: Form 1120, U.S. These payments are still due on April 15. The IRS announced it is extending the 2020 tax year federal tax filing due date for individuals only from April 15, 2021, to May 17, 2021. The law requires taxpayers to properly address, mail and ensure the tax return is postmarked by the May 17, 2021, date. 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