Volunteers load instances of water into the mattress of a truck throughout a mass water distribution at Delmar Stadium in Houston on Feb. 19.
Justin Sullivan | Getty Photos
Some taxpayers are getting extra time to file their 2020 returns.
For people and companies situated wherever in Texas — a lot of which has been declared a catastrophe space — tax returns and funds shall be due June 15 as an alternative of the usual April 15 typically in place for everybody else, the IRS stated Monday.
Final yr, the IRS delayed the tax-filing (and fee) deadline to July 15 for all taxpayers. The company had lately stated it had no plans to take the identical motion this yr.
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Nonetheless, in any space impacted by winter storms and declared a catastrophe by the Federal Emergency Administration Company, taxpayers would additionally get the identical extension granted to these in Texas.
The extension additionally implies that affected people have till June 15 to make 2020 contributions to particular person retirement accounts, the IRS stated. Enterprise returns sometimes due on March 15 are also pushed off to the later deadline, as are quarterly estimated tax funds that might usually be due April 15.
In case you are among the many taxpayers dealing with the usual deadline and want extra time, you may request an extension from the IRS. Bear in mind that this would possibly not grant you a delay to pay what you owe with out dealing with potential penalties.
The tax-filing season opened Feb. 12, a pair weeks later than ordinary. The IRS expects to deal with 150 million returns this yr
(Correction: An earlier model of this story stated the deadline was July 15).
