TAX DAY
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TAX DAY

Since 1955, Tax Day has typically fallen on or just after April 15. Tax Day was first introduced in 1913, when the Sixteenth Amendment was ratified.

The date is delayed if it conflicts with a weekend or public holiday such as Emancipation Day. Natural disasters, most recently the COVID-19 pandemic, also delay Tax Day when they prevent filing taxes on time. The federal government may set a different deadline for certain states, as it did when Patriots’ Day conflicted.

The IRS announced earlier this month that the federal income tax filing due date for individuals is now May 17, 2021, postponed about month from its traditional April 15 due date.

The federal tax filing postponement only applies to individual federal income tax returns and payments for the 2020 tax filing year. Relief doesn’t apply to estimated self-employment tax payments, which will be due on April 15, 2021 as per usual.

Since states issue separate guidance regarding due date changes, you may still have to file state income taxes, depending on where you live.

Be sure to consult a CPA or qualified tax expert on your tax filing strategy and individual circumstances.




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