Individual Tax Deadline Extended

With the unusual circumstances caused by the pandemic, the IRS has extended the April 15th deadline for individuals filing for the 2020 tax yearThe deadline has been extended from April 15th, 2021 to May 17th, 2021 without penalties and interest. Here are a few more things you need to know: 

  • The extension only applies to individual federal income returns, not state returns.  
  • The Federal Income Tax Payment deadline is also extended to May 17th, however, estimated tax payments are still due on April 15th 2021. 
  • The May 17th tax filing extension is automatic, and individuals do not need to contact the IRS or file an extension. Taxpayers that need additional time beyond the May 17th deadline should request an extension by filing Form 4868. This gives extensions to file until October 15th, but not an extension to pay. 

The June 15th deadline for winter storm victims in Texas, Oklahoma, and Louisiana is still in place and is unaffected by the new May 17th deadline. For more information on disaster relief, click here.  

For more information on the deadline extension, click here.   

If you have questions or need assistance with your tax return, Five Stone is here to help. Book your consultation today. 

FOUND THIS USEFUL ? SHARE WITH
Five Stone Tax
by Five Stone Tax

Five Stone Tax is America’s trusted tax adviser, offering full-service tax solutions with the goal of making sure all of our clients pay the lowest amount of taxes legally possible. As the most effective tax representation company in America, our team consists of the best Property Tax Consultants, Tax Attorneys, Enrolled Agents, case managers, and administrators in the industry.

Subscribe to Our Blog!

Don’t miss out our filing tips & deadlines, global tax news and customer case studies

Give it a try—it only takes a click to unsubscribe.