When Are Taxes Due? Everything You Need to Know About the New IRS Filing Deadline
Tax filing and payment deadline for individuals has been pushed to May 17 from April 15 for 2020 tax returns.
Do I have an extra month to pay my taxes?
Yes. The May 17 deadline is for both payments and filing returns.
###### Who does the delay apply to?
The delay applies to individuals filing Forms 1040 and 1040-SR. It doesn’t affect deadlines for corporate, partnership or nonprofit tax returns.
###### What about first-quarter estimated tax payments?
The postponement doesn’t apply to first-quarter estimated tax payments for 2021. The deadline for them remains April 15. On March 29, the IRS reaffirmed the April 15 deadline.
###### Do I need to take any action for the delay to apply to me?
No. The extension is automatic for individual taxpayers. The agency says there is no need to call the IRS or file a form to qualify for this extension.
###### Does the May 17 deadline apply to contributions for 2020 traditional IRAs, Roth IRAs and HSAs?
Yes, it does. This issue had been unclear, but on March 29 the IRS issued Notice 2021-21, which postpones to May 17 the April 15 deadline for 2020 contributions to these accounts.
What about state tax deadlines?
“We expect most states to conform their deadlines with the new federal deadlines,” says Mary Peterson, executive director of the Federation of Tax Administrators, a state-tax group.
https://www.wsj.com/articles/when-are-taxes-due-irs-filing-deadline-may-17-11616024654?mod=e2tw&tesla=y
https://www.reddit.com/r/StockMarket/comments/mk9mqt/when_are_taxes_due_everything_you_need_to_know/
