The new deadline to file federal and state taxes is May 17, 2021.
Your taxes may be more complicated this year because of COVID-19 in 2020. You may have had unemployment income and stimulus payments, and be affected by tax law changes in the recent $1.9 trillion coronavirus stimulus bill.
The new tax deadline gives you extra time to gather information and file. Here’s important information to know and resources to help you file your taxes in 2021.
Estimated Taxes are Still Due April 15, 2021
Anyone who pays estimated taxes must still pay them by April 15, 2021.
If you were self-employed and paying estimated quarterly taxes, make sure to make your payment by the April 15 deadline to avoid hefty penalties.
Free, Expert Help to File Your Taxes is Available
This year, more than ever, it may be important for you to get expert help to file your taxes. Check out these resources to start.
There are Benefits to Filing Your Taxes Before the Deadline
Like any other year, there are benefits to filing your taxes before the deadline:
- The sooner you file your taxes, the sooner you’ll receive a refund if it’s owed to you. This could include your first-round or second-round stimulus payment, if you didn’t receive it last year.
- Taxes are stressful – the sooner you get them done, the sooner you can cross them off your list and do something you enjoy!