Earlier this week the Internal Revenue Service (“IRS”) announced that the federal income tax filing due date for individuals for the 2020 tax year has been automatically extended from April 15, 2021 to May 17, 2021. The IRS further announced that taxpayers can also defer federal income tax payments due on April 15, 2021 to May 17, 2021, without incurring any penalties and interest, regardless of the amount owed. This deferment applies to individual taxpayers. However, this relief does not apply to estimated tax payments that are due on April 15, 2021, for 2021 tax year.
On Thursday, March 18, 2021, at the direction of Governor Ned Lamont, the Connecticut Department of Revenue Services (“DRS”) announced that it would follow the lead of the IRS and extend the filing and payment deadline for 2020 Connecticut individual income tax returns to May 17, 2021.
Both the IRS and the DRS have indicated in their public announcements that taxpayers anticipating a refund may still file before the new May 17, 2021 deadline.
This blog will be updated when more information becomes available.