Just last month our very own Barbara Weltman wrote an article about tax extension myths. We don’t know if the Treasury Department and Internal Revenue Service read it, but they just announced the extension of the tax filing and payment deadline to May 17. The extension will apply to individuals and the self-employed.
In the announcement, the IRS says the postponement applies to federal income tax payments for the 2020 tax year due on April 15, 2021. There will not be penalties and interest, regardless of how much you owe.
