Tax Deadline Extension to May 17 Applies to Individuals
On March 17, 2021, the Internal Revenue Service officially delayed the individual tax filing and payment deadline until May 17. The much-anticipated delay marked the second consecutive year the IRS has postponed the filing deadline citing unusual economic disruptions related to the COVID-19 pandemic and subsequent changes to 2020 tax law.
The delayed filing deadline applies only to individual taxpayers filing a 2020 Federal tax return. Individuals’ 2021 estimated payments are still due April 15th. All other filing deadlines, including the deadlines for corporations, partnerships, and tax exempt organizations, and including payment deadlines for estimated payments, remain unchanged. The delay for Federal taxes does not directly impact state tax returns or payments, although many states’ filing deadlines are tied to the Federal deadline or states may extend the deadline. Taxpayers with state tax filing obligations should check with state taxing authorities to confirm the filing deadlines.
If you have any questions about your organization’s filing obligations and due dates, please contact our team.