Home » Investing » Latest CRA Update: Is the Tax Deadline Extended Again in 2021? Getty. Are we — and the agency — ready for it? The decision has been taken due to the large number of commuters who still haven’t switched to … Income tax brackets increased in 2020 to account for inflation. The deadline for filing your 2020 taxes is April 15, 2021. by: Rocky Mengle. More reading. ITC extensions, past and present. Some states have extended their own filing and estimated … Typically, 31 March is the deadline for making the tax-saving investments for the year..The last date for filing income tax return for FY19-20 has also been extended till … Keep in mind the July 15 deadline may only apply to your federal tax return. Tax deadline extended again? Most individuals had until June 30, 2020 to file returns, while the tax payment extension was up to September 30, 2020. The year 2020 was a tumultuous year given the coronavirus pandemic … Dividend all-star Canadian Utilities stock is an attractive option to earn a healthy income stream in 2021. The tax filing season clock is ticking, but will the alarm go off on April 15 as usual? Income Tax Return Deadline Extended; Rs 10,000 Fine For Not Filing ITR . On March 21, the IRS officially announced that the April 15 deadline for filing 2019 tax returns, and paying any tax liability, was extended to July 15. … Individual and corporate tax returns must be filed for the 2020 tax year by April 15, 2021. Earlier this year, the government pushed back the tax deadline for the first time in history.It may happen again. 14 Top TSX Stocks to Buy in January 2021. The post Latest CRA Update: Is the Tax Deadline Extended Again in 2021? Treasury Secretary Steven Mnuchin on Tuesday said that his department does not currently plan to further extend the tax-filing deadline but that it's an issue he's pondering. Tax Day is Thursday, April 15, 2021. This federal tax … The Internal Revenue Service is insistent that despite a later than normal opening of the 2021 tax filing season, it will end as usual on April 15. The filing deadline for 2019 returns was extended … The 2021 Budget will take place on Wednesday 3 March 2021 – almost a year after the last Budget on 11 March 2020. You must file your 2020 tax returns by this date! The tax deadline moving ahead in 2021 depends mainly on the situation of the pandemic and its effect on the job market and economy in general. The normal deadline for tax filing and tax payment sticks in 2021 unless the CRA extends both deadlines again like last year. However, this is not the case. The Tax Deadline Won't Be Extended Again, and That's Actually a Good Thing The IRS has confirmed that it's sticking with the July 15 deadline, and that could benefit tax-filers. IRS Is Not Extending the Tax Deadline Again Tax Day 2020 was already pushed back from April 15 to July 15, but it won't be delayed further. 2020, a year that many of us would just as soon forget, will end in just more than two months. The Canada Revenue Agency (CRA) moved the tax deadlines, filing and payments, for the 2019 taxes due to the COVID-19. The government has again extended the deadline to file an income tax return (ITR) for individual taxpayers of the assessment year 2020-21 and (FY 2019-20) from the current deadline of December 31, 2020, to January 10, 2021. That's the IRS plan for now, but some in Congress and the tax community would like Uncle Sam to extend the 2021 Tax Day deadline like happened last year. But that’s just scratching the surface! Will the tax deadline be extended again? It will drop to 22% in 2023 and expire at the end of 2023. At the moment, the amount someone can earn before paying income tax is £12,500. Image source: Shutterstock ... And then, don’t forget, the April 15, 2021 deadline … The standard deduction for 2020 increased to $12,400 for single filers and $24,800 for married couples filing jointly. Oct 15 Extended deadline to file 2020 tax return April 15 isn't the only tax day to mark on your 2021 calendar. In 2020, in response to the lockdowns of the COVID-19 pandemic, the tax filing deadline for 2019 was extended until July 15, 2020. On March 20, 2020, the Internal Revenue Service officially confirmed and issued guidance making it absolutely clear that the due date for filing tax returns and making the tax payments has been extended from April 15 to July 15. The planned autumn Budget was cancelled in September. The 2021 tax-filing start date has been pushed to February 12. No weekend extensions to push it beyond April 15th this year, as in recent years . For those who are self-employed, or who have a spouse/partner who is self-employed, the deadline extends until June 15, 2021. The IRS has already extended a number of tax deadlines to July 15 due to the coronavirus pandemic. The February 12 start date for individual tax return filers allows the IRS time to do additional programming and testing of IRS systems … appeared first on The Motley Fool Canada. The continuing COVID-19 chaos, plus an extended 2020 filing season for those coping with this year's natural disaster onslaught, could create more challenges in 2021 for taxpayers and the Internal Revenue Service. The 2021 tax filing season is on the horizon and kicks off on February 22, 2021. 2021 deadline for Self Assessment tax returns – We take a look at these changes and why you need to take action now. The tax-filing deadline for most Canadians (for the 2020 tax year) is on April 30, 2021. Deadlines that were extended include the due date for individuals to file their 2019 tax … While tax day was extended to … You can start preparing your tax return as soon as you have the documents you need. ... extended … The Government of India had extended the deadline for mandatory FASTags on all vehicles, from 31 st December 2020 to 15 th February 2021. appeared first on The Motley Fool Canada. The tax credit today The Consolidated Appropriations Act, 2021 extended the 26% tax credit through 2022. The deadline for filing the income tax return has been extended yet again, this time by 10 days to January 10, 2021. The post CRA Delayed the Tax Deadline in 2020: Will it Happen Again in 2021? For the circa 12 million people in the UK who are required to submit a Self Assessment tax return, the annual deadline is now only weeks away. Tax Filing Deadline is April 15, 2021. 18 Top TSX Stocks to Buy for 2021 and Beyond. White House considering another delay, to the fall. And, as of right now, no COVID-19 tax filing extensions, like we saw last year. The best solar incentive in the country is the federal investment tax credit, known as the ITC.In 2015, Congress extended the ITC for the first time, but scheduled the incentive to gradually phase out, or sunset, over the next seven years, dropping from 30% to 26% to 22% before disappearing altogether for residential properties, … It can be safely confirmed that the 2019 season of the tax filing deadline still remains the same – July 15, 2020. Tax deadline 2021. This is the day designated by the U.S. government as the day taxes are due each year. IR-2021-16, January 15, 2021 WASHINGTON ― The Internal Revenue Service announced that the nation's tax season will start on Friday, February 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns. You might remember that there was an extended tax filing deadline last year, due to COVID-19, that allowed taxpayers to file their tax return by July 15, without needing to file an extension with the IRS. 1 TSX Stock to Buy Quickly in 2021. The deadline to file and pay taxes won’t be extended again, federal officials say. BlackBerry (TSX:BB) Could Easily Double Again FASTag was introduced back in 2016, and post 15 th February 2021, it will become mandatory for all cars in India. The IRS tax deadline to file your tax return is Thursday, April 15, 2021. This personal allowance is due to rise with inflation each year and reach around £13,250 by … Some suspected that a similar extension might be granted in 2021. ... February 18, 2021. The original deadline was postponed for all taxpayers in … February 12, 2021 is the first day the IRS will start accepting and processing federal income tax forms for the 2020 tax year. The deadline remains Thursday, April 15, 2021. 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