When Are US Taxes Due 2021?
The deadline for filing and paying your federal income taxes in the United States is typically April 15th. However, due to various factors, such as holidays and weekends, the due date can occasionally fall on a different day. In 2021, the regular tax filing deadline is extended to May 17th.
The Internal Revenue Service (IRS) made this decision to provide taxpayers with additional time to navigate through the ongoing challenges created by the COVID-19 pandemic. The extension also allows the IRS to cope with the massive backlog of tax returns from the previous year.
Although the filing deadline has been extended, it is still generally recommended to file your taxes as soon as possible. Filing early can help you receive any potential tax refunds sooner and avoid any last-minute complications or penalties.
Frequently Asked Questions (FAQs) about US Taxes Due 2021:
1. Why was the tax filing deadline extended to May 17th?
The IRS extended the deadline to provide taxpayers with more time to deal with the ongoing challenges caused by the COVID-19 pandemic and to manage the backlog of tax returns.
2. Do I need to file an extension if I can’t file my taxes by May 17th?
No, you do not need to file an extension if you cannot file your taxes by May 17th. The extension is automatically granted to all individual taxpayers without the need for any additional paperwork.
3. Are state tax deadlines also extended?
The extension of the federal tax deadline does not automatically apply to state tax returns. You should check with your state’s tax agency to determine if your state tax deadline has been extended.
4. Can I still file my taxes after May 17th?
Yes, you can still file your taxes after May 17th. However, if you owe taxes, you may be subject to penalties and interest for late payment.
5. Can I request an additional extension if I cannot file by May 17th?
If you need more time to file your taxes beyond May 17th, you can request an extension until October 15th by filing Form 4868. However, this extension only grants you additional time to file your return, not to pay any taxes owed.
6. What if I can’t pay my taxes by May 17th?
If you cannot pay your taxes in full by May 17th, you should still file your tax return and pay as much as you can to avoid penalties and interest. The IRS offers various payment options, including installment agreements, which can help you manage your tax obligations.
7. Will I still receive a stimulus check if I haven’t filed my 2020 taxes by May 17th?
The IRS uses information from your 2019 tax return to determine eligibility for stimulus payments. However, if you are eligible for a larger payment based on your 2020 tax return, it is recommended to file your taxes as soon as possible to receive the additional stimulus amount.
8. Can I e-file my tax return after May 17th?
Yes, you can e-file your tax return after May 17th. E-filing is available until October 15th if you have requested an extension.