The Bottom Line
The Bottom Line is where Klatzkin’s advisors provide analysis and insight into key developments in taxation, accounting, and other issues and how they affect businesses and individual taxpayers.

When Are My Individual Tax Returns Due?

By MICHELE D. SLOCUM, CPA

March 29, 2021

Angela Lawrence, Quality Control Coordinator at Klatzkin, contributed to this post.

In response to the COVID-19 pandemic in 2020, the IRS extended the federal income tax filing due date from April 15 to July 15, 2020. Because the country is still facing many challenges in 2021 wrought by the pandemic, calls to extend this year’s tax season has been loud from federal lawmakers and the American Institute of Certified Public Accountants (AICPA), among others. On March 17, 2021, the IRS announced that the federal individual tax filing due date would be extended. Below is a brief outline of the new federal tax filing due date and how the state governments in our area are responding.

IRS & State-Specific Deadlines

If you are due a refund, we recommend filing as soon as possible and receiving your refund via direct deposit. If you will owe a payment, the IRS has automatically extended the filing deadline for individual tax returns only to May 17, 2021, and all payments due with your 2020 tax return. The IRS will begin to calculate penalties and interest starting after May 17, 2021.  First-quarter estimates for the 2021 tax year are still due on April 15, 2021.  Corporate, trust & estate returns and other returns are still due April 15, 2021.

Pennsylvania

The individual filing date for Pennsylvania has been extended to May 17, 2021, and all 2020 payments are deferred without penalty or interest. This includes balances due with 2020 returns.  First-quarter 2021 estimated payments are still due by April 15, 2021.

New Jersey

New Jersey has extended the individual filing due date and any payments due April 15, 2021, to May 17, 2021. This includes money owed with the 2020 tax returns.  The 2021 first-quarter estimates will still be due on April 15, 2021.

New York

New York has extended the individual filing due date and any payments due April 15, 2021, to May 17, 2021. This includes money owed with the 2020 tax returns. The 2021 first-quarter estimates will still be due on April 15, 2021.

Other States

We encourage you to consult this resource, which lists a state-by-state breakdown of deadlines.

These extended deadlines will not only help an overwhelmed IRS, which is in the middle of sending out additional stimulus checks during the busy tax filing season. They will also give some breathing room to taxpayers still facing tough times and preparers catching up from a delayed official start to the season while tackling ongoing complex changes to forms and tax items.  Staying on top of both federal and state filing deadlines, though, will be especially important in these unique circumstances.

Contact Us

If you have questions about the information outlined above or need assistance with filing your tax returns, Klatzkin can help. For additional information, click here to contact us. We look forward to speaking with you soon.

©2021 Klatzkin & Company LLP. The above represents our best understanding and interpretation of the material covered as of this post’s date and does not constitute accounting, tax, or financial advice. Please consult your advisor concerning your specific situation.

About the Author

Michele is a Manager focused on serving the tax planning, reporting, and compliance needs of real estate, professional service and nonprofit organizations. She enjoys working to find tax-saving opportunities, many created through tax reform, including Section 199A deductions, bonus depreciation and capital gains deferral through investment in Qualified Opportunity Zones.    Going beyond the expected...

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