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Mar 25, 2024 · The IRS reminds taxpayers seeking a 2020 tax refund that their funds may be held if they have not filed tax returns for 2021 and 2022. In addition, any refund amount for 2020 will be applied to amounts still owed to the IRS or a state tax agency and may be used to offset unpaid child support or other past due federal debts, such as student loans.
- 2021 Federal Tax Deadline Extensions
- 2021 State Tax Deadline Extensions
- 2020 Tax Deadline Extension
- How Are Individuals Affected by The Tax Deadline Extension?
- How Are Corporations Affected by The Extension?
- Will The Extension Delay My Tax Refund?
- Will The Deadline For My State Taxes Also Be Extended?
- What Is The Last Day to Contribute to My Retirement Account For 2019?
The federal tax filing deadline for 2020 taxes has been automatically extended to May 17, 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 de...
Many state tax filing deadlines may change to reflect the federal deadline. To find your state's tax deadline, and to stay updated on the latest tax deadline information, please visit our blog post: "IRS Announced Federal Tax Filing and Payment Deadline Extension."
In March of 2020, the COVID-19 pandemic led the Treasury and IRS to delay when Americans are required to file their tax returns, calling for an automatic tax deadline extension to July 15, 2020 for your 2019 taxes. The three-month extension will automatically apply to calendar year filing individuals, inclusive of the self-employed, trusts and esta...
The tax extension deadline generally applies to all calendar year tax-paying entities, including individuals, self-employed persons, and trusts and estates. The Treasury and IRS announced the deferment of filing your federal tax return as well as specific federal tax payments. This delay in payment comes interest- and penalty-free, for 90 days, unt...
Corporations that operate on a calendar year have also been granted an automatic extension to file corporate tax returns and pay any tax due. Like with individuals, this comes without interest or penalties for 90 extra days (April 15 to July 15) on any amount owed.
No. The IRS has said it expects to continue processing refunds as normal and encourages all taxpayers to file as soon as possible. Remember, the sooner you file, the sooner you'll get any refund owed to you.
Many states have made changes to their filing deadlines to align with the new federal tax deadline extension. However, be sure to check whether your stateconforms with the new guidance.
As with other elements of the extension, individuals can wait to make 2019 contributions to their retirement accounts normally due April 15, 2020 until July 15, 2020. Consider using this extra time to set aside more money in your retirement accounts if you're able. You can contribute a maximum of $6,000 to an IRA for 2019, plus an extra $1,000 if y...
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Apr 12, 2022 · Modified Apr 12, 2022. 14 min read. Tax professionals should know that the U.S. 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. Individual taxpayers can also postpone federal income tax payments for the 2020 tax year due on April 15, 2021, to May 17 ...
Apr 19, 2024 · The deadline to file 2020 returns is May 17, 2024. Taxpayers still needing to file for tax year 2023 are encouraged to use electronic filing options including IRS Free File, which is available on IRS.gov through Oct. 20 to prepare and file 2023 tax returns electronically. Taxpayers can track their refund using the Where's My Refund?
Mar 17, 2021 · Individual taxpayers who need additional time to file beyond the May 17 deadline can request a filing extension until Oct. 15 by filing Form 4868 through their tax professional, tax software or using the Free File link on IRS.gov. Filing Form 4868 gives taxpayers until October 15 to file their 2020 tax return but does not grant an extension of ...
Mar 17, 2021 · WASHINGTON — The U.S. Department of the Treasury and the Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in the coming days. Additional details on the taxpayer relief announced today are available on IRS.gov. ###
Mar 18, 2021 · FRANKFORT, Ky. (March 18, 2021) -- At the direction of Gov. Andy Beshear, the Kentucky Department of Revenue will extend the 2020 Kentucky individual income tax filing deadline to May 17, 2021. This extension follows the income tax relief provisions issued March 17 by the federal Internal Revenue Service in response to delays and disruptions ...
