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Individual Taxpayer – U.S. Individual Income Tax Return Due May 17, 2021

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In response to the Coronavirus (COVID-19) pandemic, the 2021 tax deadline for filing your Individual Income Tax Return has been extended to May 17th, 2021. Following are additional tax deadline extensions to this same date:

Contributions to IRAs and health savings accounts
People now automatically have until May 17, 2021, to make 2020 contributions to their:

  • Individual retirement arrangements
  • Health savings accounts
  • Archer medical savings accounts
  • Coverdell education savings accounts

2017 unclaimed refunds The law provides a three-year window to claim a refund. Normally, April 15th, 2021, is the deadline to claim a refund from tax year 2017 but, the IRS has extended it to May 17th, 2021. To get the unclaimed refund, a taxpayer must properly address and mail the tax return, postmarked by May 17, 2021. If a taxpayer doesn’t file a return within three years, the money becomes property of the U.S. Treasury.
You can file for a six (6) months extension to file your income taxes providing additional time until October 15th, 2021. Taxes owed must be pay by May 17th.

What is not extended?

No extension for estimated tax payments as April 15th, 2021 is still the deadline to make first quarter estimated tax payments. Withholding is automatic for most employees, but some taxpayers’ income isn’t subject to income tax withholding. These taxpayers must generally make quarterly estimated tax payments. Income that may require estimated tax payments includes:

  • Self-employment
  • Interest
  • Dividends
  • Alimony
  • Rentals

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