Tax Filing and IRA Contribution Extended until May 17

Dec 4, 2023 | 1 Minute Read

 

In response to the COVID-19 pandemic, the Federal Income Tax deadline and the Massachusetts State Individual Income Tax deadline have been extended to allow certain taxpayers and businesses to file and pay their 2020 tax liability. The IRS is still accepting returns and processing refunds now. Furthermore, the deadline for 2020 IRA Contributions has been extended.

 

The new deadlines are as follows:

  • Federal & State Tax Filing & Deadline –extended to May 17, 2021
  • IRA & HAS Contribution Deadline – extended to May 17, 2021
  • Estimated Tax Payments– Still due April 15, 2021.

 

Federal Income Taxes:

The Treasury Department and Internal Revenue Service have announced that the federal income tax filing due date for individuals is automatically extended from April 15, 2021, to May 17, 2021.

Learn more from the IRS Notice

 

Massachusetts State Income Taxes:

According to the Office of Governor Charlie Baker, “[Massachusetts] announced an agreement to extend the 2020 state individual income tax filing and payment deadline from April 15 to May 17 due to the ongoing COVID-19 outbreak. This income tax relief is automatic and taxpayers do not need to file any additional forms to qualify.”

Individuals with questions or concerns regarding taxes can contact the Massachusetts Department of Revenue at (617) 887-6367 or send a secure e-message through MassTaxConnect.

 

IRA Contribution:

The 2020 Tax Filing deadline has been moved from April 15th, 2020 to May 17th, 2021. This means that any 2020 IRA Contributions will be accepted until May 17th, 2021.

As always, we are here to help. We welcome you to Contact Us with any questions or concerns.