The regular April 15 deadline has been moved to May 17, 2021, for the filing of 2020 taxes. Taxpayers have an extra month to file and pay their taxes because this deadline applies to both federal and state taxes. However, taxpayers can ask for an extension if they need additional time to file their taxes. Which Tax Year Is Due in 2020?
For income received in 2019, the 2020 tax year is due. This means that by May 17, 2021, taxpayers must file their taxes for the 2019 tax year. By January 31, 2020, taxpayers must have received their W-2 or 1099 forms from their employers or clients in order to properly submit their taxes.
Pennsylvania’s electronic tax filing system, known as PA Etides, enables companies to electronically submit and pay their state taxes. The technology is made to make tax filing simpler and less error-prone. Businesses can file and pay their sales and use taxes, employer withholding taxes, and other state taxes using PA Etides. How Can I Extend the Due Date for My Taxes to 2021?
If they are unable to file their taxes by the deadline of May 17, taxpayers may ask for an extension through October 15, 2021. They must do this by submitting Form 4868 to the IRS by the deadline of May 17. They will now have an extra six months to file their taxes as a result. It’s crucial to remember that a filing extension does not equate to a payment extension. To avoid penalties and interest, taxpayers must estimate their tax liability and pay any taxes due by the deadline of May 17.
Yes, until the deadline of May 17, taxpayers can still file their taxes for the 2020 tax year. If a taxpayer does not submit their taxes by the due date and does not request an extension, they will be subject to fines and interest on any unpaid taxes. In order to prevent any additional costs or legal action, it’s critical to submit taxes precisely and on time. It’s best to see a tax expert if you have any queries or worries about filing your taxes.
In conclusion, the filing deadline for 2020 taxes is April 15, 2020, while the due date for 2021 taxes is May 17, 2021. Pennsylvania’s electronic tax filing system, PA Etides, allows taxpayers to ask for an extension until October 15, 2021 if they need additional time to file their taxes. Taxpayers still have until the deadline of May 17 to file their returns, but it’s crucial to do so precisely and on time to avoid any additional penalties or legal action.