2021 Income Tax Filing Deadline - May 17th
IRS to Delay 2021 Income Tax Filing Deadline to May 17th
April 15th is no longer the tax filing deadline for 2021. The Internal Revenue Service and the U.S. Department of the Treasury have announced that the 2021 income tax filing and payment deadline is now May 17, 2021. The agency says it will provide additional guidance in the coming days.
The just-passed American Rescue Plan Act of 2021, which includes $1,400 stimulus payments to most Americans, also includes various tax provisions, such as an expansion of the Child Tax Credit, changes to unemployment taxability, and business tax provisions. The move follows requests from tax and accounting professionals, tax technology companies, business leaders and state governments, who've highlighted the dramatic challenges faced by individuals and businesses due to the Covid-19 pandemic on their operations and finances.
These changes, as well as the large and continuing Payroll Protection Program business relief package, may have caused some taxpayers and businesses to have difficulty meeting the original April 15 deadline.
We will continue to keep you updated as more information is received.