Federal Income Tax Due Date Postponed to May

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The IRS announced on Wednesday that the due date for individual federal income tax returns has been postponed to May 17, 2021.  The postponement also applies to individuals who pay self-employment tax.  The extension is automatic: individuals will not need to apply or otherwise alert the IRS in order to take advantage of the extension.

Individuals who need additional time to file beyond May 17 can still apply for an extension to file before October 15.

This extension does not apply to federal gift tax returns or income tax returns for trusts and estates.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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