Politics

Important 2020 Tax Information – Chicks On The Right

important-2020-tax-information-chicks-on-the-right

OPINION | This article contains political comments that reflect the author’s opinion.

Hey, just a little public service announcement: don’t move your taxes!

Whether you collect your own taxes or pay someone else to do the tough job, you’ve likely found that the federal tax date has been moved to May 17, 2021. My phone’s calendar was automatically updated with the new date. You might be tempted to think oh wow that’s cool of the government, look at them and take care of me. NO! Please check the fine print.

“The postponement of the federal tax return to May 17, 2021 only applies to individual federal income statements and tax payments (including taxes on self-employed income) that are otherwise due on April 15, 2021, not to state tax payments or deposits or payments of any other kind the federal tax. Taxpayers are also required to file income tax returns in 42 states and the District of Columbia. State filing and payment deadlines vary and do not always match the federal filing deadline. The IRS urges taxpayers to check with their state tax authorities for these details. “Visit IRS.gov for more information.

The extended date only applies to certain taxes and situations. Avoid paying a fine and requesting an extension if necessary, or be like me and stay up late to collect your taxes.

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Robert Dunfee