2020 Tax Deadline Extended

Taxes

On March 17, it was announced that the tax deadline to file individual federal income tax returns has been extended to May 17, 2021. This gives filers an extra 32 days to complete and file their tax returns without being subject to late filing penalties. The IRS has also issued a tax deadline extension to June 15, 2021 for residents of Lousiana, Oklahoma, and Texas.

Important details to know:

  • You do not need extra forms: You do not need to file a tax extension to take advantage of the new deadline. The IRS will automatically waive all interest and penalties.
    • Note: If you need additional time beyond May 17 to file your return, you still need to file an extension.
  • State deadlines vary: State deadlines are not automatically adjusted because of this extension, but it is likely that most states will change the state filing deadline. TaxAct is currently reviewing all states and will have updates as changes occur.
    • Maryland has extended its tax deadline from April 15, 2021 to July 15, 2021.

Get Your Tax Refund Sooner

Due to the impact of COVID-19, the IRS is still processing some 2019 returns. If you expect to receive a refund for 2020 and want to receive it as soon as possible, we highly encourage you to not wait to file your return. TaxAct allows you to e-file your tax return while keeping your tax information safe and secure.

Products You May Like

Articles You May Like

6 million people applied for unemployment a year ago. They’re still near pre-pandemic highs
In the blogs: Hot debates
Fundstrat’s Tom Lee explains why he expects a ‘face-ripper rally’ in April
Morgan Stanley dumped $5 billion in Archegos’ stocks the night before massive fire sale hit rivals
AST SpaceMobile shares rise as the space SPAC stock begins trading on the Nasdaq

Leave a Reply

Your email address will not be published. Required fields are marked *