WHAT WE KNOW:
WASHINGTON—The Internal Revenue Service extended the April 15 tax-filing and payment deadline to June 15 for all residents and businesses in Texas, citing the damage caused by the recent winter storms and power outages in the state.
• Certain deadlines falling on or after Feb. 11 and before June 15 are postponed through June 15. That includes various 2020 business tax returns due on March 15 and 2020 individual and business returns due on April 15. Taxpayers in the affected area also have until June 15 to make 2020 IRA contributions, the IRS said.
• The IRS said the June 15 deadline applies to the first quarter estimated tax payment due on April 15, as well as to the quarterly payroll and excise tax returns normally due on April 30. Additionally, it applies to tax-exempt organizations, operating on a calendar-year basis, that have a 2020 return due on May 17.
ATTENTION TEXAS TAXPAYERS:
Due to the winter freeze knocking your entire power grid offline, the IRS has authorized an emergency extension for everyone in the state. Your new filing deadline is June 15th!https://t.co/UcEumXWVJd
— Tax Badger, LLC (@TaxBadgerLLC) February 22, 2021
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