The COVID-19 epidemic has an impact on many facets of life, including tax preparation. Due of the pandemic, many states in the US have delayed their tax filing deadlines. New Jersey is one of the states that has delayed its tax filing deadline. The state has extended both the personal and business tax filing deadlines.
The initial New Jersey tax filing date for both individuals and companies was April 15, 2021. However, the state has extended the deadline until May 17, 2021 because of the ongoing pandemic. Taxpayers now have an extra month to complete their returns and make any necessary payments without incurring penalties or interest.
The time to file your taxes in New Jersey for the fiscal year 2021 is currently. Tax returns were first accepted by the state on February 12, 2021. This indicates that between February 12 and May 17, 2021, people may file their taxes at any time.
It’s also important to remember that the tax filing deadline in New Jersey for 2019 was April 15, which was also the date of the previous 2021 deadline. The deadline was not extended because the epidemic did not have an impact on filing taxes in 2019 nevertheless.
If you’re still unsure if New Jersey has pushed back the filing date for tax year 2021, the answer is indeed true. The state has pushed out the filing date to May 17, 2021. Individuals and companies are both covered by this extension.
It’s crucial to remember that the extension is automatic, which implies that taxpayers don’t need to take any extra steps to be eligible for it. However, taxpayers can ask for an extension until October 15, 2021 if they need more time to file their taxes than May 17, 2021. It’s crucial to keep in mind that the extension only covers the preparation and filing of tax returns, not the actual payment of taxes. To avoid fines and interest, taxpayers who owe taxes must pay by May 17, 2021.
For the 2021 tax year, New Jersey has so delayed the filing date to May 17, 2021. Taxpayers have until May 17, 2021, to file their returns, between February 12 and May 17. Taxpayers who require additional time to file their returns may do so until October 15, 2021. The extension is automatic. It’s crucial to keep in mind that the extension only covers the preparation and filing of tax returns, not the actual payment of taxes. To avoid fines and interest, taxpayers who owe taxes must pay by May 17, 2021.
Yes, if you received a stimulus check but not the whole amount or none at all, you may need to claim it on your 2021 taxes. Since the stimulus payments were essentially an advance on a tax credit for the 2020 tax year, you might be eligible to claim the Recovery Rebate Credit on your 2021 tax return if you didn’t receive the full amount or any payments at all.