Due to the COVID-19 pandemic, the federal government extended this year’s federal income tax filing deadline from April 15, 2021, to May 17, 2021. In addition the IRS further extended the deadline for Texas, Oklahoma and Louisiana residents to June 15.

What happens if you miss the April 15 tax deadline?

If you miss the tax extension deadline, you’ll incur penalties that are retroactive to your original tax due date (usually April 15). Remember, you must pay your taxes by the tax deadline or you’ll incur penalties. The tax extension deadline only applies to filing taxes, not paying any tax due.

When is the deadline to file a tax return?

The July 15 deadline now also applies to trusts and estates: “Today’s notice expands this relief to additional returns, tax payments and other actions. As a result, the extensions generally now apply to all taxpayers that have a filing or payment deadline falling on or after April 1, 2020, and before July 15, 2020.

Is the tax deadline for 2020 extended to 2021?

2021 Tax Deadline Extension: What Is and Isn’t Extended? Due to the COVID-19 pandemic, the federal government extended this year’s federal income tax filing deadline from April 15, 2021, to May 17, 2021. This extension is automatic and applies to filing and payments. So if you owe taxes for 2020, you have until May 17, 2021.

When is the deadline for virus tax relief?

These pass-through tax returns and entity 475 elections are not eligible for virus tax relief with the July 15, 2020 postponement deadline. Postponement relief is limited to 2019 tax returns due April 1, 2020, or after, and the March 16 deadline was before April 1.

When is due date for payment of advance tax?

15 March 2021 -. Due date for payment of whole amount of advance tax in respect of assessment year 2021-22 for assessee covered under presumptive scheme of Section 44AD / 44ADA. 17 March 2021 -. Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of January, 2021.