- AUSTIN, Texas – The IRS is reminding Texas taxpayers the deadline to file their 2020 federal income tax return is June 15, 2021.
What is the deadline to file taxes in Texas?
As a result, affected individuals and businesses will have until June 15, 2021, to file returns and pay any taxes that were originally due during this period. This includes 2020 individual and business returns normally due on April 15, as well as various 2020 business returns due on March 15.
Did the IRS extend the tax deadline for 2021 for Texas?
The deadline to file a federal tax return has been extended to June 15, 2021 for all Texas, Oklahoma and Louisiana residents and businesses.
Will the tax deadline be extended again 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.
Has Texas extended tax deadline?
The extension is in response to the recent winter storm and power outages in the state, and aligns the agency with the Internal Revenue Service, which extended the April 15, 2021 tax filing and payment deadline to June 15, 2021 for all Texas residents and businesses.
What is the deadline for 2020 taxes?
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.
What tax form do you get in April?
About Form 1040, U.S. Individual Income Tax Return | Internal Revenue Service.
What happens if you miss tax deadline?
You’ll likely end up owing a late payment penalty of 0.5% per month, or fraction thereof, until the tax is paid. The maximum late payment penalty is 25% of the amount due. You’ll also likely owe interest on whatever amount you didn’t pay by the filing deadline.
Are taxes due April 15?
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).
When can you file taxes for 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.
Can I still file my taxes after the deadline?
If you miss the deadline, you still must file your return, but it may end up costing you more because of late-filing interest and penalty charges. If you are due a refund, the IRS will not penalize you for filing your tax return late.
Is it too late to file taxes 2020?
WASHINGTON — The Internal Revenue Service today reminds taxpayers about the upcoming October 15 due date to file 2020 tax returns. People who asked for an extension should file on or before the extension deadline to avoid the penalty for filing late. For details, see the disaster relief page on IRS.gov.
Can I still file an extension for my 2020 taxes in Texas?
Texans have one more day to file their federal income tax returns. The IRS extended the deadline for Texas filers after the February winter storm. Filers who still need more time can request an extension that will give them until Oct. 15.
What happens if you miss your tax deadline 2021?
The late-filing penalty is 5% of the tax due for each month (or part of a month) your return is late. If your return is more than 60 days late, the minimum penalty is $435 (for tax returns required to be filed in 2021) or the balance of the tax due on your return, whichever is smaller.