The Internal Revenue Service anticipates that more than 150 million tax returns will be filed this year. In a normal year, this is a colossal undertaking. But in a world still altered by a pandemic, it becomes a bit more complicated for all parties involved. We are here to help you navigate the process.
This year, tax time may be a little different. On March 17, 2021, the U.S. Treasury Department and the IRS announced that the federal income tax filing due date for individuals for the 2020 tax year would automatically be extended from April 15, 2021, to May 17, 2021. This postponement to May 17, 2021, of the federal tax filing deadline, only applies to individual federal income tax returns and tax payments otherwise due April 15, 2021. Also, note that this relief does not apply to estimated tax payments due on April 15, 2021.