Tax Filing Due Date for Individuals Extended to May 17th

The Treasury Department and Internal Revenue Service have announced that the federal income tax filing and payment due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021.  Penalties & interest and will begin to accrue on any remaining unpaid balances as of May 17, 2021.

This extension will also apply to the deadline to make 2020 contributions to individual retirement arrangements (IRAs and Roth IRAs), health savings accounts (HSAs), Archer Medical Savings Accounts (Archer MSAs), and Coverdell education savings accounts (Coverdell ESAs).

Please note: the extension does NOT apply to 1^st quarter 2021 estimated tax payments, which still need to be paid by April 15, 2021 to be considered timely.

More info can be found on the IRS website: IRS News Release: Tax Day Extended

We are still waiting on guidance from state taxing authorities on whether their filing deadlines will also be extended.  We will update this post as more information becomes known.  Update 3/19/21: Connecticut has also updated their deadline to May 17, 2021.  Info on additional states can be found here: Canopy – State Tax Deadlines 2021.