Colorado State Income Taxes for Tax Year 2021 (January 1 – Dec. 31, 2021) can be prepared and e-Filed now along with an IRS or Federal Income Tax Return (or you can learn how to only prepare and file a CO state return). Attention: The Colorado tax filing and tax payment deadline is April 18, 2022.
When can you file Colorado State taxes 2020?
As with the federal deadline extension, Colorado won’t charge interest on unpaid balances between April 15 and July 15, 2020. Additionally, all income tax returns with an original filing deadline of April 15, 2020 are getting an automatic extension to Oct. 15, 2020.
When Can tax returns be filed in 2020?
First, let’s rewind to the spring. More than a month into the filing season, the IRS pushed the deadline to pay federal income taxes and file a return to May 17, back from the traditional April 15 date.
Is Colorado delaying tax filing?
DENVER (KDVR) — The Colorado Department of Revenue announced Thursday that it will extend the individual income tax payment and filing deadline. The new deadline will now be May 17, 2021, giving individuals an additional 32 days to file.
Why is Colorado refund taking so long?
What can cause a delay in my Colorado refund? If the department needs to verify information reported on your return or request additional information, the process will take longer. Math errors in your return or other adjustments. You used more than one form type to complete your return.
Will tax deadline be extended in 2021?
2021 Federal Tax Deadline Extensions 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.
Do I have to file Colorado state tax return if I owe nothing?
I had no income tax withheld and owe no income tax to the state of Colorado. Am I required to file a Colorado state income tax form? No, return is needed to be filed (unless you are filing to get a refund). Who Must File This Tax Return Each year you must evaluate if you should file a Colorado income tax return.
When can I file my 2020 taxes in 2021?
When is my 2020 tax return due in 2021? Though last year the IRS extended the deadline from April 15 to July 15, this year the agency granted us one extra month, and for most people, 2020 taxes came due on May 17, 2021. If you requested an extension and were approved, your last day to file is Oct. 15, 2021.
When can I do my tax return 2021?
The official end of the 2021 financial year falls on Wednesday 30 June 2021. That means that you can begin lodging your tax return from Thursday 1 July 2021.
What is the earliest you can file your taxes 2022?
What is the Soonest You Can File Taxes in 2022? The Internal Revenue Service will most likely set the opening day of the 2022 tax filing season between Jan 15 and Feb 15, 2022. That’s the soonest the IRS will begin accepting and processing 2021 tax year returns.
Did Colorado state taxes go up in 2021?
The income tax rate will drop to 4.5% in 2021, down from 4.55%, and individual taxpayers will get an additional sales tax refund payment, on average, of about $70. Joint filers will receive $166 on average.
Is Colorado tax extension due in 2021?
2020 Income Tax Deadline Extension The individual income tax payment and filing deadline has been extended by 32 days to May 17, 2021, without penalties and interest, regardless of the amount owed. This extension applies to money owed by individual taxpayers only for the 2020 income tax year.
What is the Colorado state income tax rate for 2020?
Your 2020 Federal Income Tax Comparison Your effective federal income tax rate changed from 12.96% to 12.81%. Your federal income taxes changed from $9,787 to $9,675.
Why is my tax refund delayed 2021?
Here’s a list of reasons your income tax refund might be delayed: Your tax return has errors. It’s incomplete. Your refund is suspected of identity theft or fraud.
Why are refunds being delayed?
This year, however, the mostly likely reason your tax refund is delayed is that you filed a paper return. There was an additional backlog of tax returns created by the COVID-19 pandemic. While IRS workers have been back at work for a while, there is always a chance this is still impacting your return.
Why is my state refund taking so long?
If your state refund is taking longer to arrive than your federal refund, remember that each state has its own processing protocols and security measures, some of which may require more time than the federal process.