Tax Day for Individuals Extended to May 17

by | Mar 18, 2021 | Blog, News

IRS to Delay 2021 Income Tax Filing Deadline to May 17
Officials with the Internal Revenue Service and the U.S. Department of the Treasury have told several media outlets and Congressional committees that the 2021 income tax filing and payment deadline will be pushed back to May 17, 2021. It is possible this date will change. This will give taxpayers additional time to file their 2020 tax returns and pay any amounts owed to the IRS.

The latest relief bill, signed into law on March 11, made a number of changes that added to an already complex filing year for many. The bill made the first $10,200 of unemployment income, or $20,400 for married couples filing jointly, tax-free for filers with 2020 adjusted gross income of less than $150,000 (for both singles and couples). It also expanded the child tax credit to $3,000 annually for children ages 6 to 17 and $3,600 per year for those under 6, subject to income limitations. Parents could start receiving a monthly portion of the credit as soon as this summer.

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