Income Tax Filing Date Extended

The deadline to file your 2020 Income Tax return with the IRS and the State of Missouri is extended to May 17th.
IRS Commissioner Chuck Rettig stated, “This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help taxpayers navigate the unusual circumstances related to the pandemic.”
To that end, the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15th to May 17th.
Individual taxpayers can also postpone federal income tax payments for the 2020 tax year due on April 15, 2021, to May 17, 2021, without penalties and interest, regardless of the amount owed. This postponement applies to individual taxpayers, including individuals who pay self-employment tax.
Governor Mike Parson announced that the Missouri Department of Revenue is extending the state individual tax filing and payment deadline to May 17th.
Parson says, “As our state continues recovering from COVID-19, we understand that many Missourians are still feeling the effects of the past year. Extending the filing and payment deadline by one month will provide additional relief to Missouri families and tax professionals as they work to meet their obligations during what has already been a challenging tax season.”
The IRS encourages those that are due a refund to file as soon as possible.  The refunds are generally processed and paid in 21 days.

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