The due day to file your income taxes has been pushed back from April 15 to May 17, the Treasury Department and Internal Revenue Service (IRS) announced Wednesday.
Last year, the IRS extended the tax filing deadline to July 15, 2020, due to the COVID-19 pandemic. And it's extending the deadline by about a month this year for the same reason.
"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," said IRS Commissioner Chuck Rettig. "Even with the new deadline, we urge taxpayers to consider filing as soon as possible, especially those who are owed refunds.
"Filing electronically with direct deposit is the quickest way to get refunds, and it can help some taxpayers more quickly receive any remaining stimulus payments they may be entitled to." Rettig noted.
Individuals filing taxes can also postpone their federal income tax payments for 2020 to May 17 without penalties and interest, regardless of how much they owe.
This extension is automatic, so individuals do not have to file any forms to qualify for the filing and payment extension. However, those who need additional time to file their taxes can request one until Oct. 15, by filing Form 4868. This doesn't extend the payment deadline — payments are due by May 17, 2021, to avoid interest.
Estimated tax payments that are due on April 15 are still due — this extension doesn't apply to that.
This extension only applies to individual federal income returns and tax payments. Taxpayers who need to file income tax returns and payers in Minnesota still have an April 15 deadline as of this writing.