As per the tweet mentioned below -IRS has extended the federal income tax filing and payment due date to May 17, 2021.
— IRSnews (@IRSnews) March 18, 2021
What is the reason behind the extension of federal tax filing?
Due to the devasted outbreak of a pandemic, IRS made all the possible efforts to help their taxpayers. IRS accepts taxpayers to file their tax as soon as possible to get the refund at the earliest. Electronic filing is the best way to get refunds on time.
An individual taxpayer can delay their payments till the new extended date without any penalties, interest, and late fees regardless of the amount owed.
If you find it challenging to prepare your tax filing, why not take advantage of an expert tax consultant. By doing so, you can ensure to be prepared before the due date and get high returns on investments.