The IRS has changed the deadline for individual tax returns and payments.
Here’s what you need to know.
- 2020 Individual 1040 returns are now due May 17, 2021
- 2020 Individual 1040 tax payments are now due May 17, 2021
To read the announcement, click here: https://www.irs.gov/newsroom/tax-day-for-individuals-extended-to-may-17-treasury-irs-extend-filing-and-payment-deadline
Quarterly estimated payments
- Your 2021 First Quarter Estimated payment is still due April 15, 2021.
- If your taxes are withheld via a W-2 and you don’t make any additional tax payments throughout the year, this will not affect you. However, if you do make quarterly estimated tax payments, we will still need all of your information early so that we don’t miss this deadline.
- 2020 Corporate (C Corp), trusts, estates, and all other non-individual tax returns and payments
All other federal returns are still due on their regular due date.
States that have income taxes and require returns and payments have NOT all weighed in on whether they will follow the IRS and move their deadline. These changes will be in the news over the next few weeks.
Texas, Oklahoma, and Louisiana have moved their due dates for individual and business tax returns to June 15, 2021 due to the winter storm.
- Texas announcement: https://www.irs.gov/newsroom/victims-of-texas-winter-storms-get-deadline-extensions-and-other-tax-relief
- Oklahoma announcement: https://www.irs.gov/newsroom/irs-announces-tax-relief-for-oklahoma-severe-winter-storm-victims
- Louisiana announcement: https://www.irs.gov/newsroom/irs-announces-tax-relief-for-louisiana-severe-winter-storm-victims