IRS Extends Tax Return/ Payment Date
Due to the Internal Revenue Service’s (IRS) backlog related to the COVID-19 pandemic and tax law changes recently passed since the start of the pandemic, the Treasury Department and IRS announced on March 17, 2021, that they are providing a short extension of the deadline for individuals to file their federal income tax returns and pay any 2020 balance due.
For taxpayers with a 2020 balance due on April 15, 2021, the extension does provide a one-month payment deferral. First quarter estimated payments continue to be due April 15, 2021. Taxpayers expecting an overpayment or refund, however, should consider filing their returns as early as possible, as the IRS continues to experience delays in processing credits and refunds.