Don't miss any tax deadlines in 2021! For many practitioners, it can be hard to keep up with the constant deadlines. Refer to this article to see the seven important tax filing dates of 2021
Don't miss any tax deadlines in 2021! For many practitioners, it can be hard to keep up with the constant deadlines. Please see the list below for key federal tax filings dates according to the IRS website
Key filing season dates
There are several important dates taxpayers should keep in mind for this year's filing season:
January 15, 2021. IRS Free File opens. Taxpayers can begin filing returns through Free File partners; tax returns will be transmitted to the IRS starting Feb. 12. Tax software companies also are accepting tax filings in advance.
January 29, 2021. Earned Income Tax Credit Awareness Day to raise awareness of valuable tax credits available to many people – including the option to use prior-year income to qualify.
February 12, 2021. IRS begins 2021 tax season. Individual tax returns begin being accepted and processing begins.
February 22, 2021. Projected date for the IRS.gov Where's My Refund tool being updated for those claiming EITC and ACTC, also referred to as PATH Act returns.
First week of March, 2021. Tax refunds begin reaching those claiming EITC and ACTC (PATH Act returns) for those who file electronically with direct deposit and there are no issues with their tax returns.
April 15, 2021. Deadline for filing 2020 tax returns.
October 15, 2021. Deadline to file for those requesting an extension on their 2020 tax returns
What if I need more time?
Don't let a looming tax deadline force you to rush through the tax filing process and make a mistake on your return. Simply request an extension. The IRS grants an automatic six-month extension of the tax filing deadline to anyone who requests it.
You can request an extension electronically with Form 4868. Tax extension gives you more time to file your return, not more time to pay the tax you owe. You'll need to estimate the amount you owe and make your payment by the April 15 tax filing deadline.
Comments