Like federal taxes and levies from other states, state taxes in Iowa have a due date. Knowing this deadline is crucial since it helps taxpayers avoid fees for late filing or late payments. The deadline for filing state taxes in Iowa is the same as the annual deadline for filing federal taxes on April 15th. The deadline will be extended to the following business day if, however, the 15th falls on a weekend or a holiday.
The due date for business taxes, often known as corporation income taxes, in Iowa is the same as the due date for personal income taxes. This indicates that companies must submit their state tax returns by April 15th. In addition, tax returns for entities that operate as partnerships, LLCs, or S corporations must be submitted by March 15th. The fact that firms which miss this deadline will be charged fines and interest on any unpaid taxes is crucial to know.
The 2021 tax reporting deadline won’t be extended, according to the Iowa Department of Revenue. This indicates that by April 15th, both individuals and corporations must file their state taxes. The government has, however, made it possible for taxpayers who are unable to submit their taxes by the due date to ask for an extension. The taxpayers will get an additional six months to file their state taxes as a result of this extension. It’s crucial to understand that a filing extension does not extend the deadline for paying any taxes that are owed. The initial filing date of April 15 still applies to unpaid taxes.
Fill out Iowa Form IA 4868 if you need to file an extension for your Iowa state taxes. On the website of the Iowa Department of Revenue, this form is accessible. The extension request can be submitted electronically or by mail. You will get a confirmation that your extension request was received if you file electronically. If you send the form in the mail, make sure to do so before the due date. It’s also crucial to keep in mind that a filing extension does not extend the deadline for paying any taxes that are owed.
In conclusion, the state tax filing deadline in Iowa is April 15th each year. Both personal income taxes and company taxes are subject to this deadline. The 2021 tax filing deadline has not been extended by the Iowa Department of Revenue. However, utilizing Iowa Form IA 4868, taxpayers may ask for a delay in the deadline for filing their state taxes. It’s crucial to keep in mind that a filing extension does not extend the deadline for making any outstanding tax payments. Consult with a tax expert immediately if you require additional information or help with submitting your Iowa state taxes.