The tax filing deadlines for federal and Virginia taxes are extended to Monday, May 17, 2021. If you are a sole proprietor filing Schedule C on your personal tax returns, the May 17, 2021, deadline applies to you as well. Ralph Northam’s office announced Friday. He says individual taxpayers […] This year, COVID-19 tax extension assistance is limited to individual taxpayers. Important Dates and Deadlines Elderly/Disabled Tax Reduction Applications Due: June 30: Personal Property T ax Due: Vehicles already registered with the Virginia Department of Motor Vehicles (DMV) or vehicles purchased between January 1 and March 31 usually receive tax bills in May with a due date of June 5. Virginia tax deadline information updated April 12, 2021. March 19, 2021 at 8:26 p.m. UTC. Before the change, the deadline was set to be May 1. The U.S. Treasury Department and the IRS announced on March 17, 2021 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. New this year: Because Virginia’s tax laws changed, you may receive a 1099-K form if a third-party settlement organization paid you $600 … Taxes must be paid as taxpayers earn or receive income during the year, either through withholding or estimated tax payments. Virginia is granting a one-month extension for payment of individual and corporate state income taxes by June 1, although tax returns are still due May 1, Virginia Secretary of Finance Aubrey Layne Jr. said during a state coronavirus news briefing Thursday. The announcement extends Virginia’s previous deadline by more than two weeks. Virginia Tax Amnesty Program » § 58.1-1840.2. The payment due refers to West Virginia income tax payments that by statute are due April 15 2021 regardless of the amount owed. Glen Allen, Virginia 23060. Although the federal income tax due date was extended, the federal government does not control state tax due dates. The extended e-File deadline is Oct. 15, 2021 and the Virginia paper filing due date is November 1, 2021. The deadline for filing and paying individual income taxes in Virginia has been extended until May 17, 2021 to coincide with the federal government’s extension on the same date, Gov. US Technology & Cybersecurity News & Policies, Gillibrand-Ernst military justice overhaul bill gets filibuster-proof support, Pizza delivery brings sharp taste of labor shortages and economic squeeze, Venezuelans fleeing repression showing up in record numbers at Mexican border. For more information about filing your return this year see Avoid Pandemic … The return or payment must be due on April 15, 2021 – this relief does not apply to West Virginia income tax annual returns and payments due on any other date. This relief does not apply to estimated tax payments that are due on April 15, 2021. CHARLESTON, W.Va. – Gov. This extension is automatic and applies to filing and payments. The federal tax filing deadline postponement to May 17, 2021 only applies to individual federal income tax returns and tax payments otherwise due April 15, 2021. 2021 Virginia Tax Deadline Extended for Individual Taxpayers. We use cookies to ensure that we give you the best experience on our website. Note, however, that first quarter estimated payments for Taxable Year 2021 remain due by May 3, 2021. So if you owe taxes for 2020, you have until May 17, 2021, to pay them without interest or penalties. Code of Virginia. In 2020, the IRS and the Virginia Department of Taxation extended numerous tax deadlines to help businesses and individuals that had been impacted by the pandemic. Jim Justice announced an extension of the state tax filing deadline for individuals to May 17. Virginia’s extension only applies to individual income taxes and not to estimated payments. 4401 Dominion Boulevard Ralph Northam (D) said Friday that he has extended the deadline for filing state income tax returns to May 17 to align it … Some do follow federal guidelines, but they are not required to do so. The United States Postal Service postmark is used to verify the date your return is mailed. Table of Contents » Title 58.1. Companies are now encountering difficulties with finding workers as the pandemic wanes, and some economists think the hefty federal unemployment expansion may be a big part of the problem. March 22, 2021. Democratic New York Sen. Kirsten Gillibrand’s yearslong effort to overhaul military sexual assault policies reached a significant milestone last week: filibuster-proof support from more than 60 senators plus growing support in the House, marking rare bipartisan and bicameral agreement that puts the legislation on track for passage. “Due to the COVID-19 protocols that are in place, it could take longer for us to process paper returns.”. Jim Justice has extended the deadline for residents to file their state income taxes for the second straight year due to … If you file 1040 tax returns in other states, please refer to your applicable state tax agency for deadlines and guidance. Virginia is giving taxpayers a few more weeks to file their state income tax returns. See the IRS website for more information regarding not-for-profit tax filing. This file is auto-generated */ /*! The payment due refers to West Virginia income tax payments that by statute are due April 15, 2021, regardless of the amount owed. Due to the COVID-19 pandemic, the federal government extended this year’s federal income tax filing deadline from April 15, 2021, to May 17, 2021. Many states have their own income taxes and tax deadlines. Virginia Tax Amnesty Program According to Tax Bulletin 21-5, the Virginia Department of Taxation will waive interest and penalties on individual income tax payments due for Taxable Year 2020 that are made in full by the extended due date of May 17, 2021. Corporations subject to Virginia income tax may need to file a one-time report with Virginia Tax by July 1, 2021. Contact your Keiter representative or Email | 804.747.0000. We can help. Individual taxpayers can also postpone federal income tax payments due for the 2020 tax to May 17, 2021, without penalties and interest, regardless of the amount owed. Extensions can be filed using Form 8868 . The West Virginia State Tax Department is providing special tax filing and payment relief to individuals whose 2020 annual income return is due April 15, 2021. D.C. and Virginia are extending the deadline for their residents to file their income tax returns and pay their taxes to May 17. As the Treasury and IRS releases additional official guidance, we will add … Taxation » Subtitle I. If you are living or traveling outside the United States on May 1, you have until July 1 to file your return. The Northam administration is also encouraging residents to file electronically. This extension does not apply to any other taxes collected by the Tax Commissioner. Keep in mind however, a Virginia or IRS tax extension does not extend the due date to pay owed taxes or income tax liabilities penalty free . Although interest will continue to accrue beyond the original deadline, the General Assembly will consider legislation in April’s session to change that. Accounting | Tax | Audit – Keiter CPAs is a certified public accounting firm serving the audit, tax, accounting and consulting needs of businesses and their owners located in Richmond, Charlottesville, and across Virginia. The individual income tax filing and payment deadline in Virginia is extended to Monday, May 17, 2021. “Filing electronically is the fastest and most efficient way to submit your return, get it processed and get your refund,” Tax Commissioner Craig Burns said in a statement. This is also the deadline to file for an extension to file your corporate tax return. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant. [CDATA[//>
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