CHARLOTTE — The last day to file your taxes is here.
In March, the Internal Revenue Service delayed the April 15 tax-filing deadline for the 2021 season until mid-May. Taxpayers have until Monday, May 17 to file their taxes.
Taxpayers were also allowed to postpone federal income tax payments for the 2020 tax year until May 17, without incurring penalties or interest, regardless of the amount owed, and the postponement allowance includes individuals who pay self-employment tax.
In turn, individual taxpayers who pay their taxes owed in full by May 17 will avoid interest and penalties, slated to begin accruing on “any remaining unpaid balances as of May 17, 2021,” according to a news release.
(WATCH: Deadline approaching to collect 2017 tax return, $1.3B unclaimed)
Cox Media Group