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IRS: We’ll Delay April 15 Tax-Filing Deadline by one Month — but there’s One Caveat

Posted By: RumorMail
Date: Tuesday, 23-Mar-2021 13:07:06
www.rumormill.news/168603

By Andrew Keshner

March 21st 2021

The Internal Revenue Service said Wednesday it’s pushing the tax-filing deadline from April 15 to May 17.

“This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help taxpayers navigate the unusual circumstances related to the pandemic, while also working on important tax administration responsibilities,” IRS Commissioner Charles Rettig said in a statement Wednesday.

After a later-than-usual Feb. 12 start to the income tax filing season, the April 15 deadline was arriving too soon, according to accountants, certain lawmakers and advocates for elderly taxpayers. On Tuesday, more than 100 members of the House of Representatives signed a letter asking the IRS to postpone the deadline.

One caveat to IRS announcement

There is one caveat, however. The IRS notes the extended deadline only pertains to federal income tax payments. It doesn’t affect a state’s income tax deadline.

Last year, however, states also pushed back their own deadlines. Last week, Maryland pushed its state income tax filing deadline to July 15, according to an announcement from Comptroller Peter Franchot.

One provision in the newly-passed rescue plan is making the tax season especially complicated. The law waives federal income tax this year on the first $10,200 a taxpayer receives in jobless benefits. The exemption applies to households making up to $150,000.


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