March 26th, 2021
Tax Deadlines Extended for 2020 Tax Year
Author: David S. De Jong
The Internal Revenue Service has extended the April 15, 2021 deadline for filing 2020 individual tax returns in light of continuing COVID-19 issues and the late start for processing returns. Individual 1040s will now be due on May 17, 2021 unless extended by filing Form 4868. The deadline for making 2020 IRA contributions moves as well to the May date.
First quarter individual estimated tax payments remain due on April 15, 2021. All other federal filing and payment deadlines are also unchanged including those for C corporations, estates and trusts. Unless extended, S corporation and partnership returns were due on March 15, 2021.
Local jurisdictions varied in their deadline changes. Maryland has been the most expansive, creating a July 15, 2021 deadline for income tax returns and estimated tax payments of all types due between January 1 and July 15, 2021 inclusive. Sales and use tax filings and payments from March, April and May 2021 are also extended to July 15, 2021.
The District of Columbia extended the filing and payment deadline of all calendar year income tax returns until May 17, 2021. The extension does not apply to estimated payments for 2021.
Virginia extended the filing and payment deadline for individual 2020 tax returns until May 17, 2021. The extension does not apply to estimated payments for 2021.
If you have any questions, please contact a member of Stein Sperling’s tax law department.