In response to the ongoing COVID-19 pandemic, the Internal Revenue Service (IRS) has extended the federal income tax filing deadline for 2021 to May 17th, 2021. This extension applies to both individual and business tax returns. The original deadline of April 15th has been pushed back to provide taxpayers with additional time to gather necessary documents, prepare their returns, and make any necessary payments.
This extension is automatic, meaning that taxpayers do not need to file an extension request with the IRS. However, it is important to note that this extension only applies to the filing deadline. Tax payments are still due on April 15th, 2021. Taxpayers who are unable to make their payments by the original deadline should consider making estimated tax payments or contacting the IRS to discuss payment options.
The IRS encourages taxpayers to file their returns as soon as possible, even if they are unable to pay the full amount of taxes owed. Filing on time will help to avoid penalties and interest charges. Taxpayers who file after the May 17th deadline may be subject to penalties and interest on any unpaid taxes.
Here are some key points to remember about the 2021 tax deadline extension:
- The filing deadline for both individual and business tax returns has been extended to May 17th, 2021.
- The extension is automatic, and taxpayers do not need to file an extension request with the IRS.
- Tax payments are still due on April 15th, 2021.
- Taxpayers who are unable to make their payments by the original deadline should consider making estimated tax payments or contacting the IRS to discuss payment options.
- The IRS encourages taxpayers to file their returns as soon as possible, even if they are unable to pay the full amount of taxes owed.
For more information on the 2021 tax deadline extension, please visit the IRS website or consult with a tax professional.
Frequently Asked Questions
Q: When is the 2021 tax deadline?
A: The 2021 tax deadline is May 17th, 2021.
Q: Do I need to file an extension request with the IRS?
A: No, the extension is automatic. You do not need to file an extension request with the IRS.
Q: Are tax payments still due on April 15th?
A: Yes, tax payments are still due on April 15th, 2021.
Q: What happens if I can’t make my tax payment by April 15th?
A: If you are unable to make your tax payment by April 15th, you should consider making estimated tax payments or contacting the IRS to discuss payment options.
Q: What are the penalties for filing my tax return late?
A: Taxpayers who file their returns after the May 17th deadline may be subject to penalties and interest on any unpaid taxes.
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FAQ
What is the payment deadline for 2021 taxes?
How long do you have to pay taxes that you owe?
How soon do you have to pay your taxes after filing?
Is there a time limit to pay taxes?
When do you have to pay taxes in 2021?
If you file for an extension, you’ll have until October 15, 2021 to file your taxes. But, you’ll still need to pay any taxes you owe by May 17. The new federal tax filing deadline doesn’t apply to 2021 estimated tax payments. First and second quarter estimated tax payment deadlines are still April 15, 2021 and June 15, 2021.
Does the new tax filing deadline apply to 2021 estimated tax payments?
The new federal tax filing deadline doesn’t apply to 2021 estimated tax payments. First and second quarter estimated tax payment deadlines are still April 15, 2021 and June 15, 2021. Many state tax filing deadlines may change to reflect the federal deadline.
What is the tax deadline for 2021 & 2021?
Due to severe winter storms, the IRS has also extended the tax deadline for residents of Texas, Oklahoma and Louisiana to June 15, 2021. This extension also applies to 2020 tax payments. Individual taxpayers may defer tax payments until the new filing deadline, interest and penalty free.
Why should I file my taxes in 2021?
Getting your refund and getting any remaining stimulus payments you may be entitled to—the IRS names these two reasons for forging ahead with your plans to file your taxes, even though a new tax filing deadline for 2021 has been announced.