The IRS announced on Wednesday evening that the 2020 federal tax filing deadline for individuals has been automatically extended to May 17, 2021.
IRS Commissioner Chuck Rettig stated, “This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help taxpayers navigate the unusual circumstances related to the pandemic, while also working on important tax administration responsibilities.”
Taxpayers who expect a refund are still encouraged to go ahead and file in order to receive the refund.
This extension does not include a postponement of first quarter 2021 estimated tax payments for individuals. 2021 estimated tax payments are still due April 15, 2021. Further guidance is expected to be released by the IRS in the coming days.
Connect with An Advisor for More Information
Warren Averett will continue to keep you informed as information is made available. If you have questions about how this update impacts your business, please reach out to your Warren Averett advisor, or have a member of our team reach out to you.Back to Resources