The new deadline is May 17, 2021..
Less than one month ahead of the traditional date, the I.R.S. has delayed the deadline for filing and paying taxes. The new deadline is May 17, 2021.1,2,3
The delay follows continued disruption from the COVID-19 pandemic and a late start to the tax-filing season, which the I.R.S. delayed to start on February 12. It also follows the agency’s decision to postpone the deadline to June 15 for the states of Louisiana, Oklahoma, and Texas, still recovering from disastrous winter storm activity. Other states may now extend their local filing and payment deadlines.1,3
This relief does not apply to estimated tax payments that are due on April 15, 2021. These payments are still due on April 15.3
While this extension isn’t unexpected, it may be welcome to many still coping with what is becoming one of the most complicated tax seasons in decades.
It’s important to point out that this article is for informational purposes only, so make sure to consult your tax, legal, and accounting professionals before modifying your tax-filing strategy.
Investment advisory services are offered through BCJ Capital Management, LLC., an SEC Registered Investment Adviser. Information presented is for educational purposes only. It should not be considered specific investment advice, does not take into consideration your specific situation, and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment strategies. Investments involve risk and are not guaranteed. Be sure to consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein.
1. CNBC.com, March 17, 2021
2- Bloomberg.com, March 17, 2021
3- IRS.gov, March 17, 2021
BCJ FG 21-32