Although we dont recommend waiting that long IF YOU OWE TAXES YOULL PAY A PENALTY AND INTEREST Keep in mind paying late comes with repercussions.
Can i file my taxes on the deadline day. File Something by May 17 Even If You Cant Pay Anything Then. If you cannot file your tax return by the deadline you need to file for a tax extension by May 17 2021. If you need to make an estimated tax payment for the first quarter that payment was due on April 15 though.
Note that the IRS extended the tax deadline to May 17 2021 for 2020 taxes due to the COVID-19 pandemic. You can also do it for free using any of the Free File software offered by the. This serves as an incentive for people to still file sooner rather than.
If you owe taxes you can file any time before the deadline and schedule your payment closer to May 17. Thus e-File on time and pay as little or as much as you can afford. If you file for an extension youll have until October 15 2021 to file your taxes.
Dont miss a filing deadline if you owe taxes even if you cant pay your taxes on time since the late filing penalties are generally significantly higher than the penalties for not paying taxes on time - most taxpayers are not aware of this fact. While you should still file as soon as you can you can technically claim your refund up to three years after the deadline. Unless you choose to file for an extension see question below you must file and pay any remaining federal income taxes you owe for 2020 by May 17.
If youre worried about making tax payments there are. Less Penalties For You. You can still file your taxes on the last day.
The tax deadline in 2021 is May 17. The federal income tax deadline has passed for most individual taxpayers. Most states also shifted their tax-return deadlines to May 17.