On March 17, 2021, the Treasury Department and IRS announced that Tax Day is being extended from April 15 to May 17, 2021 for individuals. Taxpayers may also postpone federal income tax payments for the 2020 tax year to May 17, 2021, without penalties and interest, regardless of the amount owed.
Tax Filing Deadlines are Coming Up Fast
Tax Filing Deadline is July 15
Reminder: Tax Deadline is July 15th
How the CARES Act Can Help Your Business
The Coronavirus Aid, Relief and Economic Security Act (CARES Act or the Act) was signed into law by President Trump on March 27, 2020. The CARES Act is estimated to provide over $2 trillion of aid to the American economy including an array of programs and tax provisions focused on small businesses and individuals.
Tax Day Extended to July 15, 2020
BREAKING NEWS: Tax Day Is Being Moved to July 15th
Taxpayers Can Delay Tax Payments Until July 15
The IRS issued guidance allowing individuals to defer tax payments of up to $1,000,000 and corporations of up to $10,000,000 until July 15 without interest and penalties. Do not confuse payment with filing. Unfortunately, the IRS did not delay the tax filing deadline, taxpayers must still file their tax return or extension by April 15.