While the IRS announced that the federal income tax filing due date for individuals for 2020 has been automatically extended from April 15th to May 17, 2021, due to the Covid-19 pandemic, this announcement does not affect the extensions granted to Louisiana and Texas due to the winter storm in February. Those in all parishes in Louisiana and counties in Texas still have until June 15, 2021 to file their returns (including individual, corporate, and estate and trust income tax returns; partnership returns; annual information returns of tax-exempt organizations; and employment and certain excise tax returns). Taxpayers not in the covered disaster area – but whose records necessary to meet a deadline are in the covered area – are also entitled to relief.
For those individual taxpayers who do not live in the covered areas, or who do not meet the records requirement mentioned above, the deadline will be May 17, 2021. Note that this extension only covers individuals and does not extend the deadline for other tax payments and returns such as the first quarter estimated payment deadline, the corporate return deadline, and the deadline for trusts. For additional information, please visit the announcement on the IRS website.
If you have any questions, please reach out to your LaPorte tax professional.