#FILE EXTENSION 2016 FED AND STATE PRO#
#FILE EXTENSION 2016 FED AND STATE PROFESSIONAL#

The IRS has also extended other tax deadlines that typically fall on April 15. For example, Oklahoma residents can open and fund a 529 plan any time before Jand deduct the contribution amount from their 2020 state taxable income. The extension also applies to families who open a new 529 plan account before their state filing deadline. States typically limit the amount of annual 529 plan contributions that are eligible for income tax benefits, but contributions are fully deductible in Colorado, New Mexico, South Carolina and West Virginia. In 2021, with the exception of Wisconsin, some deadlines are extended as follows: StateĢ021 state deadlines for 529 plan contributions. In these states, taxpayers generally have until April to make a qualifying 529 plan contribution. However, in six states, the 529 plan contribution deadline is the same as the state’s deadline for filing income taxes. Most of these states have a December 31 deadline for qualifying contributions. Over 30 states offer a state income tax deduction or credit for 529 plan contributions.

529 plan contribution deadlines for state income tax benefits StateĢ021 extended deadlines for state income taxes. Arizona has not yet confirmed their due date, but legislation is pending to move it to May 17. The table below lists the five states that do not have a May 17 filing deadline. Of the states that have an income tax, all but five changed their 2021 filing deadline to May 17. The IRS extension only applies to federal tax deadlines, but states have also extended their due dates for filing and paying income taxes. That means if you’re self-employed you must pay your first quarterly estimated payment for 2021 by April 15. But, it does not apply to self-employment taxes that are based on 2021 income. The extended deadline also applies to self-employed individuals who file quarterly estimated taxes. The IRS extended the filing and payment date for these states to June 15, 2021, in response to the winter storm disaster declarations issued by FEMA earlier this year. The May 17 extension does not change an extended deadline that had already been in place for individuals and businesses in Texas, Oklahoma and Louisiana.

#FILE EXTENSION 2016 FED AND STATE PROFESSIONAL#

A virtual filing is an easy way to get professional tax filing from the comfort of your own home.

#FILE EXTENSION 2016 FED AND STATE PRO#

If you haven’t filed yet, you can schedule a virtual filing with a tax pro from H&R Block. In general, past due federal income taxes not paid by the May 17 deadline are subject to penalties and will begin to accrue interest. This additional extension will give you until Octoto file your 2020 tax return, however your tax payments are still due on May 17, 2021. The May 17 deadline is automatic, but, if you need additional time to file your federal income tax return you can file IRS Form 4868 to request an additional extension. Many taxpayers are still facing financial hardships due to the COVID-19 pandemic, and the extension is intended to provide some relief. The IRS is giving individuals an additional month to file and pay their 2020 taxes by extending the deadline to May 17, 2021. Here are some important things to know about the federal extension, and other tax deadlines in 2021. This could affect your college savings strategy, since in some states, deadlines for annual 529 contributions that qualify for a state income tax benefit have been also extended. Keep in mind that your state income tax filing due date may be different than the federal deadline. However, while taxpayers had until Jto file 2019 returns, this year’s deadline is only extended to May 17, 2021. The IRS announced extensions to the deadlines for filing and paying 2020 federal income tax returns.

File extension 2016 fed and state