Tax Tips for May 2021

COVID Tax Tip 2021-73, May 24, 2021

COVID Tax Tip 2021-71, May 20, 2021 — The deadline for taxpayers who requested an extension to file is going to be here before they know it. The deadline for these filers to submit their 2020 federal tax returns is Friday, October 15, 2021. The IRS has a variety of helpful tools and resources and many of them are available anytime on IRS.gov.

COVID Tax Tip 2021-62, May 5, 2021 — For most individual taxpayers the tax filing and payment deadline was postponed to May 17. Those who need more time to file beyond the postponed date, can request an extension to file. Taxpayers must request an extension to file by May 17, or they may face a failure to file penalty. This extension gives them until October 15 to file their tax return. An extension to file is not an extension to pay. Taxes must be paid by May 17 to avoid penalties and interest on the amount owed after that date.

IRS tax tips from January 2011 forward.