Federal Tax Deadline Extended to May 17th, 2021 for INDIVIDUALS ONLY (NOT C Corps, Trusts, & Estates)
The IRS announced a change in the deadline for certain federal tax return and payment due dates. Here is what is extended as of this posting (March 19, 2021):
- 2020 Individual 1040 returns are now due May 17, 2021
- 2020 Individual 1040 tax payments are now due May 17, 2021
What the Announcement Left Out!
Here is what is NOT extended and still due on the normal date:
- 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.