IRS Announces Individual Tax Filing Deadline Extension
Published March 18, 2021
- Individual Taxes: Individual taxpayers are now granted a one-month extension (from April 15 until May 17) to file 2020 federal tax returns and pay outstanding levies. If additional time is needed, taxpayers have until May 17, 2021 to work with their tax professional and request an extension.
- 2021 Estimated Payments: First quarter 2021 estimated payments have not been extended. If you expected to make an estimated payment on April 15, 2021, you should plan to make this payment on time. To calculate your estimated payment, please continue to work with your MCM contact to ensure you are paying the correct amount by April 15, 2021.
- State and Local Taxes: While the federal tax deadline for individuals has been extended, the deadline does not apply to state or local tax returns. We will continue to follow how state and local governments react to the IRS deadline change. Please reach out to your MCM relationship contact for more information.
- Corporation, Estate, Trust and Gift Tax Returns: At this time, no extensions have been announced for taxpayers other than individuals. Calendar year corporation, trust, estate and gift tax returns continue to be due April 15, 2021.