Is 2020 tax deadline extended?
Yes, California has postponed the income tax filing due date for individuals (those who file forms 540, 540 2EZ, and 540NR, including PIT composite returns) for the 2020 tax year from April 15, 2021, to May 17, 2021.
What is the due date for 2021 taxes?
May 17, 2021
The IRS had no plans to extend the tax-filing deadline for the 2020 tax year, but it later changed course and pushed the standard April 15 deadline to May 17, 2021. The agency also delayed Tax Day the year prior (for the 2019 tax year) in response to the COVID-19 pandemic.
What date are federal taxes due in 2020?
15 is Tax Deadline for Extended 2020 Tax Returns. Taxpayers can file now and schedule their federal tax payments up to the Oct. 15 due date.
What if I miss the tax deadline?
While the federal income tax-filing deadline has passed for most people, some taxpayers haven’t filed their 2019 tax returns yet. If a taxpayer is entitled to a refund, there’s no penalty for filing late. Penalties and interest began to accrue on any remaining unpaid tax due as of July 16, 2020.
Is Oct 15 tax deadline extended?
Extended Federal Tax Returns If you didn’t file your federal tax return by May 17, 2021, and requested an extension by that time, the extended due date is October 15, 2021. Bear in mind that if you requested an extension to file, that doesn’t lengthen the time to pay whatever you owe in tax.
What is the penalty for filing taxes late in 2020?
Late-filing penalties can mount up at a rate of 5% of the amount due with your return for each month that you’re late. If you’re more than 60 days late, the minimum penalty is $100 or 100% of the tax due with the return, whichever is less. Filing for the extension wipes out the penalty.
Are taxes delayed this year?
This year, however, the mostly likely reason your tax refund is delayed is that you filed a paper return. There was an additional backlog of tax returns created by the COVID-19 pandemic. While IRS workers have been back at work for a while, there is always a chance this is still impacting your return.