Summary of Tax Filing Deadline Change

On March 17, 2021, the Treasury Department and Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year would be moved from April 15, 2021, to May 17, 2021. On April 5, 2021, Arizona announced it has also moved the 2020 tax filing deadline for individuals to May 17, 2021.

Individual taxpayers may also postpone federal income tax payments for the 2020 tax year to May 17, 2021, without penalties and interest through this date.

NOTE: At this time, the IRS relief only applies to individual tax returns. It does not apply to corporate and fiduciary tax return filings, which are still due on April 15, 2021.

Quarterly estimates

The IRS relief does not apply to 2021 first quarter estimated tax payments for individuals, which are still due on April 15, 2021. In addition, second quarter estimated tax payments are still due on June 15, 2021.

IRA contributions

The deadline to contribute to your IRA for 2020 mirrors the due date of your tax return without extensions. You, therefore, have until May 17, 2021, to make your IRA contribution for the 2020 tax year.

HSA contributions

Like IRAs, the deadline to contribute to your HSA for 2020 mirrors the due date of your tax return without extensions. You, therefore, have until May 17, 2021, to maximize your HSA contributions for the 2020 tax year.

Arizona tax credits

Many individuals take advantage of the ability to reduce their state income tax by donating to various charities and schools sanctioned by the Arizona Department of Revenue. The deadline for making these tax credit donations to claim on your 2020 Arizona tax return has now been moved to May 17, 2021.

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