Like last year, the IRS pushed the tax deadline back this year because of the pandemic. The extended deadline is generally Sept. 15, 2021. The latest 2020 Tax Return deadlines are listed here for the 2020 return due in 2021. Most taxpayers automatically have their taxes withheld from their paychecks and submitted to the IRS by their employer. Filing dates for 2020 taxes. Unless you choose to file for an extension, you must file and pay any remaining federal income taxes you owe for 2020 by May 17 to avoid being hit with late filing or late payment penalties. This gives taxpayers an additional month in which to complete and file their tax returns. April 15, 2021 May 17, 2021 will be the postponed tax deadline, or Tax Day, for 2020 Tax Returns. This is thanks to a provision in the latest COVID-19 relief package signed into law by President Biden. All rights reserved. C-corporation income tax returns (IRS Form 1120): These are due April 15, 2021, for C-corporations that operate on a calendar year. WILMINGTON, N.C. (WECT) - Monday is the official deadline for individuals to file their 2020 federal and state tax returns. As a result, the filing deadline for 2020 Maine income tax returns has also been moved to May 17, 2021. Comcast stock closes down 5.5% on Discovery-AT&T deal. Individual Income Tax Filing Due Dates Typically, most people must file their tax return by May 1. However, the filing deadline for 2020 individual income tax returns has been extended to Monday, May 17, 2021. 2021 AFSP deadline postponed to May 17 Tax preparers interested in voluntarily participating in the Annual Filing Season Program (AFSP) for calendar-year 2021 now have until May 17, 2021 to file their application with the Internal Revenue Service. The extended deadline is Oct. 15, 2021. State filing and payment deadlines vary and are not always the same as the federal filing deadline. Monday is the deadline to file 2020 tax returns. The July deadline applies to individual, pass-through, fiduciary and corporate income tax returns. April 15 is the tax deadline for most years unless it falls on a weekend or an observed holiday. Will filing taxes late reduce the amount of my child tax credit payments in 2021? A number of state tax deadlines were also extended to match. It’s a month later than usual, thanks to the pandemic. Sole proprietorships and single-owner LLCs must apply for an extension by May 17, 2021, which extends their tax-filing deadline to October 15, 2021. To do so, you must submit your request to the IRS by May 17. Payment relief for individuals: The deadline to pay taxes owed on individual income tax returns with a due date of April 15, 2021, has been extended until May 17, 2021. An official website of the United States Government. This relief does not apply to estimated tax payments that are due on April 15, 2021. Tax Day 2021: the deadline to file tax returns is today. 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. For more information about this disaster relief, visit the disaster relief page on IRS.gov. There’s usually a second payment deadline of 31 July if you make advance payments towards your bill (known as ‘ … Penalties, interest and additions to tax will begin to accrue on any remaining unpaid balances as of May 17, 2021. The IRS will use your 2020 tax return to determine ... May 17 is the deadline to file your income tax return … If you are living or traveling outside of the U.S. on April 15, 2021, file and pay your taxes by June 15, 2021. Mar 1, 2021: Deadline to contribute to a RRSP, PRPP, or SPP; Apr 30, 2021: Deadline to file your taxes; Jun 15, 2021: Deadline to file your taxes if you or your spouse or common-law partner are self-employed Filing deadline extended: The deadline to file individual income tax returns has been extended from April 15, 2021, to May 17, 2021. See detailed state related tax deadline and payment information. Taxpayers should pay their federal income tax due by May 17, 2021, to avoid interest and penalties. Late reporting will be fined! Federal Tax Return Due Dates. The IRS urges taxpayers who are due a refund to file as soon as possible. Most tax refunds associated with e-filed returns are issued within 21 days. 15, 2021… The IRS urges taxpayers who are due a refund to file as soon as possible. Additionally, the filing deadline for Maine tax returns, which is distinct from the payment deadline, is automatically tied to the Federal date. Federal income tax return, Form 1120, is due by April 15th for calendar year taxpayers, or the 15th day of the 4th month following the close of the corporation's fiscal year. The federal tax filing deadline postponement to May 17, 2021, only applies to individual federal income returns and tax (including tax on self-employment income) payments otherwise due April 15, 2021, not state tax payments or deposits or payments of any other type of federal tax. When is the 2021 Tax Deadline for Filing (for the 2020 Tax Year)? For more information about filing your return this year, see Avoid Pandemic Paper Delays: Tips for Filing Season. The following are the deadlines for tax filing. "This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help taxpayers navigate the unusual circumstances related to the pandemic, while also working on important tax administration responsibilities," said IRS Commissioner Chuck Rettig. Tax Day 2021: When's the Last Day to File Taxes? 1. 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. The federal tax filing deadline for individuals has been extended to May 17, 2021. Details on this extension are in Notice 2021-21, posted on IRS.gov. If you received a stimulus check, note that it is not taxable. On March 17, 2021, the IRS officially extended the federal income tax filing deadline from April 15 to May 17. If you need more time to file, we give you an automatic extension. Tax Day 2021 is May 17. Like us on Facebook to see similar stories, #ListenFirst: New virtual event kicks off annual National Week of Conversation, Bosnia authorities move migrants to camp in northern town. Most tax refunds associated with e-filed returns are issued within 21 days. IRS Commissioner Charles Rettig has said that filing a 2020 tax return is necessary to provide a basis for the IRS to document who is entitled to advance payments of the 2021 Child Tax Credit. The tax filing deadline was extended until May 17, 2021 due to the pandemic. WILMINGTON, N.C. (WECT) - Monday is the official deadline for individuals to file their 2020 federal and state tax returns. Filing electronically with direct deposit is the quickest way to get refunds, and it can help some taxpayers more quickly receive any remaining stimulus payments they may be entitled to.". The original tax filing deadline for individual returns is April 15, 2021, and that date still stands for anyone who needs to file a federal return and lives outside of Texas. You can get a five-month extension to file your 2020 federal income taxes, meaning they won’t be due until October 15. … Copyright 2021 WECT. 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. Taxes must be paid as taxpayers earn or receive income during the year, either through withholding or estimated tax payments. That means taxpayers who owe money don’t need to file a tax return until this date, and if they owe money they don’t need to make payments until then. If you can't file your federal tax return by then, you can get an extension of your filing due date, without any questions asked. Taxpayers also will need to file income tax returns in 42 states plus the District of Columbia. For most taxpayers, the main income tax return deadline for 2020 tax returns is May 17, 2021 — aka IRS Tax Day 2021. The IRS urges taxpayers to check with their state tax agencies for those details. Individual taxpayers can also postpone federal income tax payments for the 2020 tax year due on April 15, 2021, to May 17, 2021, without penalties and interest, regardless of the amount owed. This postponement applies to individual taxpayers, including individuals who pay self-employment tax. The IRS estimates 1.3 million taxpayers did not file a 2017 tax return to claim tax refunds worth more than $1.3 billion. The IRS will not extend the tax deadline again in 2021. Don't sweat tax season The normal due date is April 15. The IRS tax deadline to file your tax return has been extended to Monday, May 17, 2021 (from the typical deadline of April 15). Microsoft and partners may be compensated if you purchase something through recommended links in this article. IRS Filing Deadline: Live in the US: March 1 (10% discount) May 17, 2021: Live overseas and expect to have significant tax due: March 1 recommended (10% discount) June 15, 2021 but interest charged on tax not paid by April 15: Need to file an FBAR to report foreign accounts: With the rest of your tax documentation: April 15, 2021 The last tax year started on 6 April 2020 and ended on 5 April 2021. The IRS will be providing formal guidance in the coming days. Headlines: - Today is IRS deadline day for filing 2020 taxes - Some US states offer further tax return deadline extensions - One million stimulus-check payments sent to recent tax returns … Most federal and state income tax returns are due Monday, May 17 unless you file an extension. Individual income tax return filing dates for 2021 (Covid-19 Lockdown): Taxpayers who file online - 1 September to 16 November Taxpayers who cannot file electronically can do so at a SARS branch by appointment - 1 September to 22 October These payments are still due on April 15. ! The IRS says it takes longer to process mailed documents, such as paper tax returns, so the fastest way to receive your refund is to file electronically and choose direct deposit. "Even with the new deadline, we urge taxpayers to consider filing as soon as possible, especially those who are owed refunds. Show full articles without "Continue Reading" button for {0} hours. This relief does not apply to estimated tax payments that are due on April 15, 2021. The original filing and payment due date was April 15, but the IRS pushed the deadline to May 17 to give individuals and itself more time to sort through the changes affecting taxes from the latest COVID-19 relief package. This extension to May 17 does not affect the June deadline. (Source: Emily Wakeman) By Jack Gallop | May 17, 2021 at 7:40 AM EDT - Updated May 17 at 8:07 AM . The IRS announced earlier this month that the federal income tax filing due date for individuals is now May 17, 2021, postponed about month from its traditional April 15 due date. Unemployment benefits are taxable, but for households with income below $150,000, the first $10,200 in unemployment benefits are exempt from federal income tax. The extra time assists taxpayers in completing accurate state returns. Tax Day 2021: the deadline to file tax returns is today Jack Gallop 9 hrs ago. But your 2020 federal tax return … The deadline is December 15, 2021. The IRS has extended the deadline for filing federal income tax returns to May 17, 2021 (approximately one month extension from the original April 15 deadline). Individual taxpayers will automatically avoid interest and penalties on the taxes paid by May 17. Partnerships and S Corporations must apply by March 15, 2021, which extends their tax-filing deadline to September 15, 2021. Individual taxpayers do not need to file any forms or call the IRS to qualify for this automatic federal tax filing and payment relief. Likewise, all business returns for businesses operating outside of Texas must be filed by March 15, 2021. 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. You can expect refunds within 21 calendar days of the IRS receiving your return. The filing and payment deadline is the same if you’re self-employed, but the IRS did not extend the April 15 deadline to pay your quarterly estimated taxes for January through March of 2021. [Deadline for Income Tax Return in 2021] Whether it is working or doing business, for tax safety, the most important thing that cannot be ignored is “tax declaration” and “tax payment.” From March 1st, the income tax of 2020 income must be reported! These states have until June 15, 2021, to file various individual and business tax returns and make tax payments. For taxpayers in the states of Texas, Louisiana, and Oklahoma affected by the February 2021 winter storms, the filing deadline has been extended to June 15, 2021. Earlier this year, following the disaster declarations issued by the Federal Emergency Management Agency (FEMA), the IRS announced relief for victims of the February winter storms in Texas, Oklahoma and Louisiana. The IRS allows citizens to extend their tax deadlines until October 15, 2021, with this service available to anybody. Quarterly estimated tax payments are still due on Apr. 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