![]() ![]() However, interest will accrue on any payments paid after April 15, 2021. The state will waive late-payment penalties for payments made by May 17th. ![]() Many state tax deadlines will likely also change to May 17th. Get the latest on tax deadlines and guidance for your state below.Īlabama has announced that the tax filing deadline for individual returns will be May 17, 2021. State Tax Deadline Updates (Last Update: 3/23/21) This extension to May 17 does not affect the June deadline. These states have until June 15, 2021, to file various individual and business tax returns and make tax payments. Winter storm disaster relief for Louisiana, Oklahoma, and TexasĮarlier this year, following the disaster declarations issued by the Federal Emergency Management Agency, the IRS announced relief for victims of the February winter storms in Texas, Oklahoma and Louisiana. In addition, click here to see the complete list of state deadlines below. The IRS urges taxpayers to check with their state tax agencies for those details. State filing and payment deadlines vary and are not always the same as the federal filing deadline. ![]() Taxpayers also will need to file income tax returns in 42 states, plus the District of Columbia. 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. Most taxpayers automatically have their taxes withheld from their paychecks and submitted to the IRS by their employer. 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. Taxes must be paid as taxpayers earn or receive income during the year, either through withholding or estimated tax payments. These payments are still due on April 15. This relief does not apply to estimated tax payments that are due on April 15, 2021. Most tax refunds associated with e-filed returns are issued within 21 days. In addition, the IRS urges taxpayers who are due a refund to file as soon as possible. Taxpayers should pay their federal income tax due by May 17, 2021, to avoid interest and penalties. 15 to file their 2020 tax return but does not grant an extension of time to pay taxes due. Filing Form 4868 gives taxpayers until Oct. 15 by filing Form 4868, Application for Automatic Extension of Time to File U.S. ![]() Individual taxpayers who need additional time to file beyond the May 17 deadline can request a filing extension until Oct. Individual taxpayers do not need to file any forms or call the IRS to qualify for this automatic federal tax filing and payment relief. Individual taxpayers will automatically avoid interest and penalties on the taxes paid by May 17. Penalties, interest, and additions to tax will begin to accrue on any remaining unpaid balances as of May 17, 2021. This postponement applies to individual taxpayers, including individuals who pay self-employment tax. 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. Treasury Department and IRS have extended the federal income tax year 2020 filing due date for individuals from April 15, 2021, to May 17, 2021. Each fall, the IRS issues two documents detailing the results of these adjustments for the coming year.Tax professionals should know that the U.S. By factoring inflation into the tax rates and certain other amounts, the law protects taxpayers from losing the value of various benefits. ![]()
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