April 15 is typically the last day to file your income taxes and pay taxes owed. But the words normal and typical don’t seem to apply to anything these days, and this year’s tax season is no exception. So the simple answer is, no, Thursday, April 15, is not this year’s federal income-tax-filing deadline.
Are taxes due on April 15th?
The deadline for first quarter 2021 individual estimated tax payments remains April 15, 2021. California announced it will extend the state tax filing and payment deadline for individuals to May 17, 2021. The extension does not apply to estimated tax payments due April 15, 2021.
Is the March 15 tax deadline extended?
Tax Deadline Extension: What Is Extended for 2021
On March 17, 2021, the IRS officially extended the federal income tax filing deadline from April 15 to May 17. … It applies regardless of the amount you might owe, and payments will not incur additional penalties or interest up until May 17.
Is Tax Day Extended 2021?
2021 Federal Tax Deadline Extensions
The federal tax filing deadline for 2020 taxes has been automatically extended to May 17, 2021. Due to severe winter storms, the IRS has also extended the tax deadline for residents of Texas, Oklahoma and Louisiana to June 15, 2021. This extension also applies to 2020 tax payments.
Why is tax day on April 15th?
The United States once again enacted income tax with the 16th Amendment in 1913. At that time, the filing deadline was March 1. In 1918 the deadline was changed to March 15, and then in 1955, for the most recent change, the filing deadline was moved to April 15th.
What is the deadline for filing 2020 taxes?
The U.S. Treasury Department and Internal Revenue Service announced on March 17 that the U.S. federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021.
What taxes are due on March 15?
March 15: S corporation and partnership calendar year tax returns are due. This is the deadline to file an S corporation and partnership tax extension (using Form 7004), as well.
What happens if I don’t file taxes?
If you fail to file a tax return or contact the IRS, you are subject to the following: … You’ll have to pay the IRS interest of . 5% of the tax owed for each month, or part of a month, that the tax remains unpaid from the due date, until the tax is paid in full or the 25% maximum penalty is reached.
Can I still file my 2019 taxes electronically in 2021?
Keep in mind, if you owe taxes and don’t file an extension, you might be subject to Tax Penalties. After Oct. 15, 2021, you can no longer e-File IRS or State Income back taxes prior to Tax Year 2020.
When can I start my taxes on TurboTax 2021?
The IRS announced that they will begin processing tax returns on Friday, February 12, 2021. You can get started now with TurboTax and be first in line for your tax refund! You should start seeing your W-2s and 1099s arrive in the mail. May 17 is the big day!
Can I still use TurboTax after the deadline?
TurboTax Has You Covered
Don’t worry if you missed the deadline, you can still file with TurboTax. TurboTax has you covered and will ask you simple questions about you and give you the deductions and credits you’re eligible for based on your answers.
Why do I owe so much in taxes 2021?
If you’ve moved to a new job, what you wrote in your Form W-4 might account for a higher tax bill. This form can change the amount of tax being withheld on each paycheck. If you opt for less tax withholding, you might end up with a bigger bill owed to the government when tax season rolls around again.
What if April 15 falls on a weekend?
Section 7503 of the Code provides that, when April 15 falls on a Saturday, Sunday, or legal holiday, a return is considered timely filed if it is filed on the next succeeding day that is not a Saturday, Sunday, or legal holiday. … Emancipation Day, April 16, is a legal holiday in the District of Columbia.
What is April 15th known for?
This Day in History: April 15
On this day in 1912, the British luxury passenger liner Titanic sank en route to New York City from Southampton, Hampshire, England, after striking an iceberg during its maiden voyage; some 1,500 people died.
Which day is celebrated on 15 April?
“Each year, on 15 April, World Art Day celebrations help reinforce the links between artistic creations and society, encourage greater awareness of the diversity of artistic expressions and highlight the contribution of artists to sustainable development.