The Internal Revenue Service isn’t pushing just tax filing day off — now, individual taxpayers have an extra month to meet a number of other deadlines as well.
According to a Tuesday release, the agency is moving the deadline from April 15 to May 17 for the following:
– Contributing to Individual Retirement Accounts (both IRAs and Roth IRAs).
– Contributing to Health Savings Accounts.
– Contributing to Archer Medical Savings Accounts.
– Contributing to Coverdell Education Savings Accounts.
– Reporting and payment of the 10% additional tax on amounts included in gross income from 2020 distributions from IRAs or workplace-based retirement plans.
– Claiming previously unclaimed refunds for federal income tax returns for tax year 2017.
– Filing Form 1040-NR in connection with foreign trusts and estates with federal income tax filing or payment obligations.
– Tax preparers applying to participate in the Annual Filling Season Program for calendar year 2021.
IRS announced earlier this month that individual taxpayers’ tax filing deadline would be moved from April 15 to May 17, a move echoed by New Mexico Taxation & Revenue. Estimated tax payments are still due April 15, the release said.
More updates regarding tax issues can be found at IRS.gov.