Volunteers load circumstances of water into the mattress of a truck throughout a mass water distribution at Delmar Stadium in Houston on Feb. 19.
Justin Sullivan | Getty Images
Some taxpayers are getting extra time to file their 2020 returns.
For people and companies situated anyplace in Texas — a lot of which has been declared a catastrophe space — tax returns and funds will be due June 15 as a substitute of the usual April 15 usually in place for everybody else, the IRS stated Monday.
Last 12 months, the IRS delayed the tax-filing (and fee) deadline to July 15 for all taxpayers. The company had not too long ago stated it had no plans to take the identical motion this 12 months.
More from Personal Finance:
How spousal advantages work for those who declare Social Security early
Here’s a decade-by-decade information to retirement planning
Here’s when your tax return is likely to be flagged by the IRS
However, in any space impacted by winter storms and declared a catastrophe by the Federal Emergency Management Agency, taxpayers would additionally get the identical extension granted to these in Texas.
The extension additionally implies that affected people have until June 15 to make 2020 contributions to particular person retirement accounts, the IRS stated. Business returns usually due on March 15 are also pushed off to the later deadline, as are quarterly estimated tax funds that will usually be due April 15.
If you might be among the many taxpayers dealing with the usual deadline and want extra time, you’ll be able to request an extension from the IRS. Be conscious that this may 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 12 months
Correction: For people and companies situated anyplace in Texas, tax returns and funds will be due June 15. An earlier model misstated the date.