IRS Changes Due Date 2020 Return
Mar 17th 2021, 7:36 am
#1
BE Forum Addict
Thread Starter
Joined: Oct 2011
Location: "LA LA Land"
Posts: 2,448
IRS Changes Due Date 2020 Return
Like last year the IRS will once again postpone filing due date for 2020 return:
https://www.cnbc.com/2021/03/17/irs-...to-may-15.html
https://www.cnbc.com/2021/03/17/irs-...to-may-15.html
Mar 18th 2021, 3:52 am
#2
Heading for Poppyland
Joined: Jul 2007
Location: North Norfolk and northern New York State
Posts: 14,702
Re: IRS Changes Due Date 2020 Return
Like last year the IRS will once again postpone filing due date for 2020 return:
https://www.cnbc.com/2021/03/17/irs-...to-may-15.html
https://www.cnbc.com/2021/03/17/irs-...to-may-15.html
The latest coronavirus relief bill, which was signed into law by President Joe Biden on March 11, in the middle of tax season, made a number of changes that added to an already complex filing year for many.
The bill made the first $10,200 of unemployment income, or $20,400 for married couples filing jointly, tax-free for filers with 2020 adjusted gross income of less than $150,000 (for both singles and couples).
The bill made the first $10,200 of unemployment income, or $20,400 for married couples filing jointly, tax-free for filers with 2020 adjusted gross income of less than $150,000 (for both singles and couples).
Mar 18th 2021, 11:02 am
#3
Forum Regular
Joined: Jul 2014
Location: Northern Atlanta area, GA
Posts: 243
Re: IRS Changes Due Date 2020 Return
Perhaps the IRS and/or Congress has already factored in the likelihood that many people won't file amended returns and thus the IRS gets to keep more cash.
Mar 18th 2021, 11:38 am
#4
Concierge
Joined: Apr 2001
Posts: 46,469
Re: IRS Changes Due Date 2020 Return
Yes, they have extended the filing date to May. With any luck we will get our neighbor up north to send hubby's T-4s so we can file on time.
PS We haven't filed for 202 yet, as per above, and have received our joint deposit over the weekend.
PS We haven't filed for 202 yet, as per above, and have received our joint deposit over the weekend.
Mar 20th 2021, 9:55 am
#5
Lost in BE Cyberspace
Joined: Jan 2006
Location: San Francisco
Posts: 12,884
Re: IRS Changes Due Date 2020 Return
The IRS claims it will automatically deal with some unemployment pay now being tax free on 2020 returns already filed, i.e. by adjusting downwards tax due or adjusting upwards refund due.
Mar 20th 2021, 12:57 pm
#6
Forum Regular
Joined: Mar 2017
Location: Elizabethtown, PA
Posts: 74
Re: IRS Changes Due Date 2020 Return
We filed our taxes already for 2020 and my wife spent a couple of months unemployed during the pandemic which increased our tax bill to about $1,000. Will be interested to see if we get an auto refund or if we have to file an amended return. The joys of trying to file early and get it out the way.
