BOSTON – The Treasury Department and Internal Revenue Service announced the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15 to May 17, 2021,
And now Massachusetts legislative leaders are looking to do the same in the Commonwealth.
“With the federal government adjusting its tax filing deadline from April 15, 2021, to May 17, 2021, the Senate and House will act immediately to align our state deadlines accordingly,” said Massachusetts Senate President Karen E. Spilka and House Speaker Ronald Mariano in a joint statement.
“The Senate and the House expect to include this in already moving legislation that addresses emergency paid leave, unemployment insurance, and tax relief on forgiven PPP loans. This tax flexibility, which was also authorized last year by the Legislature, will provide stability and ensure residents have time to prepare and file as we continue to weather the impacts of the pandemic,’ said the two legislative leaders.
The Baker-Polito administration has not made a statement yet.
Individual taxpayers can also postpone federal income tax payments for the 2020 tax year due on April 15, 2021, to May 17, 2021, without penalties and interest, regardless of the amount owed.
This postponement applies to individual taxpayers, including individuals who pay self-employment tax. Penalties, interest and additions to tax will begin to accrue on any remaining unpaid balances as of May 17, 2021.
Individual taxpayers will automatically avoid interest and penalties on the taxes paid by May 17.
The IRS urges taxpayers who are due a refund to file as soon as possible. Most tax refunds associated with e-filed returns are issued within 21 days.
This relief does not apply to estimated tax payments that are due on April 15, 2021. These payments are still due on April 15.