Because of a federal disaster-area declaration following the winter storms there, the IRS moved the deadline for these three states to June 15. This deadline applies to filing individual and business tax returns and making tax payments. A 2018 Facebook post that’s recirculating now said the tax deadline is April 18.
- However, because this April 16 falls on a Saturday, it is celebrated on the closest weekday, which is Friday, April 15. This means public employees such as those who work for the IRS will have April 15 off work, so that pushes the tax deadline to the next business day: Monday, April 18.
Will the 2021 tax deadline be extended again?
The new federal tax filing deadline is automatic, so you don’t need to file for an extension unless you need more time to file after May 17, 2021. If you file for an extension, you’ll have until October 15, 2021 to file your taxes.
Why are taxes due in April?
Tax Day was moved to March 15 in 1918 and then again to April 15 in 1955. The official reason for the pushback was to spread the workload of IRS employees, but some economists speculate that a later filing date means the government can wait even longer to pay refunds [source: Sung].
What is the deadline for 2020 tax return?
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.
Is April 15th still the tax deadline for 2021?
Tax day is Monday, May 17, 2021. This is the tax deadline to file your federal income tax return. The IRS extended the deadline from April 15, 2021.
Why do I owe taxes this year 2021?
Job Changes. If you’ve moved to a new job, what you wrote in your Form W-4 might account for a higher tax bill. This form can change the amount of tax being withheld on each paycheck. If you opt for less tax withholding, you might end up with a bigger bill owed to the government when tax season rolls around again.
What happens if I miss tax deadline?
The penalty you will pay for not filing on time is 5% of your unpaid taxes for each month your return is late, with a maximum penalty of 25%. For each month you don’t pay, the IRS charges. 5%, and up to 25%. Penalties can add up to almost 50% of your tax bill.
Is April 15th still tax day?
As of now, the deadline for filing your 2021 taxes is April 15, 2022. Typically, April 15 is designated by the U.S. government as the day taxes are due every year (unless April 15 falls on a weekend or a holiday, in which case the filing deadline is pushed to the following business day).
Can I still file my taxes 2021?
The federal tax return filing deadline for tax year 2021 was April 18, 2022: If you missed the deadline and did not file for an extension, it’s very important to file your taxes as soon as possible.
Why is tax Day May 17?
The IRS delayed the deadline from April 15 to May 17 to allow for more breathing room for taxpayers and the IRS alike to cope with changes brought on by the coronavirus pandemic.
Did the IRS extend the tax deadline for 2020?
The filing deadline for tax returns has been extended from April 15 to July 15, 2020. The IRS urges taxpayers who are owed a refund to file as quickly as possible.
Is it too late to file 2020 taxes?
For anyone who missed out on the first two rounds of stimulus payments, it’s not too late. File a 2020 tax return electronically as soon as possible to give the IRS time to process and issue the payments before the end of 2021.
Is it too late to file 2020 taxes for stimulus?
1. If you’re required to file taxes, you can get the Recovery Rebate Credit by filing your taxes in 2021 for Tax Year 2020. The deadline to file your taxes this year was May 17, 2021. If you missed the filing deadline, you can still file your tax return to get your first and second stimulus checks.
When can you file for taxes 2021?
Even though taxes for most taxpayers are due by April 15, 2021, you can e-file (electronically file) your taxes earlier. The IRS likely will begin accepting electronic returns anywhere between Jan. 15 and Feb. 1, 2021, when taxpayers should have received their last paychecks of the 2020 fiscal year.
What is the penalty for filing taxes late?
What Is the Penalty for Filing a Tax Return Late? If you file your 2021 Tax Return after the deadline and you did not get an extension, then you will be assessed a penalty of 5% of your balance due per month or part of a month a return is filed late (for up to five months).
What happens if I don’t file taxes?
Failure to file penalties result in a 5 percent penalty each month on any unpaid taxes, capping at 25 percent. Here is how it breaks down: First month: 5 percent of tax liability. Second month: 5 percent of tax liability, plus a penalty of $210 or 100 percent of your tax liability, whichever is less.