Readers ask: When Are Illinois State Taxes Due?

Has Illinois extended tax deadline?

(WLS) — Illinois has pushed back its state tax filing deadline to May 17, matching the change by the IRS. Governor JB Pritzker announced Thursday the state has extended the individual income tax filing deadline from April 15 to May 17.

Are Illinois state taxes delayed this year?

(WSIL) — Gov. Pritzker announced that his administration is extending the individual income tax filing and payment deadline from April 15 to May 17. The filing extension does not apply to estimated tax payments that are due on April 15, 2021.

Is taxes still due on April 15?

Do you have to file taxes by April 15? No. The tax deadline in 2021 is May 17. If you need to make an estimated tax payment for the first quarter, that payment was due on April 15, though.

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What is the due date for state and federal taxes?

The IRS pushed back the tax filing deadline by a month to May 17 instead of April 15 as the agency grapples with staffing issues and outdated systems at a time when it’s also implementing sweeping tax code changes from the COVID-19 relief packages. In 2020, the deadline was extended to July 15.

Will the 2021 tax deadline be extended again?

Due to the COVID-19 pandemic, the federal government extended this year’s federal income tax filing deadline from April 15, 2021, to May 17, 2021. The deadline to submit this form is April 15. This extension, however, is only for filing – it does not apply to payments.

What happens if I don’t file taxes?

Individuals who owe federal taxes will incur interest and penalties if they don’t file and pay on time. The penalty for not filing your taxes on time is 5% of your unpaid taxes for each month that the return is late, maxing out at 25%. For every month you fail to pay, the IRS will charge you 0.5%, up to 25%.

How long does Illinois state tax refund take 2020?

If a taxpayer electronically files an error-free return, they should receive a direct deposit refund in four to six weeks, if applicable.

Is Illinois issuing tax refunds?

(WSIL) — Governor Pritzker announced Wednesday day the Illinois Department of Revenue (IDOR) will begin issuing refunds to eligible taxpayers who filed their 2020 Illinois Individual Income Tax Return prior to a newly enacted federal unemployment tax exemption.

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Do I have to file an extension for Illinois state taxes?

We grant an automatic six-month extension of time to file your return. If you receive a federal extension of more than six months, you are automatically allowed that extension for Illinois. MyTax Illinois is an easy way to pay your IL-505-I payment. If you do not expect to owe tax, you do not have to do anything.

What is the deadline for 2020 tax return?

The Treasury Department and the Internal Revenue Service are providing special tax filing and payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns has been extended from April 15 to July 15, 2020.

Are taxes being delayed in 2020?

[1] Due to the COVID-19 pandemic, the filing deadline for tax returns in 2020 was extended from April 15th, 2020 to July 15th, 2020. The federal government again extended this year’s federal income tax filing deadline from April 15, 2021, to May 17, 2021.

How late can I file my taxes 2020?

If you miss the April 15 – May 17, 2021 – deadline to prepare and e-File a 2020 Tax Return or you e-Filed an extension by that date, you can e-File your 2020 Taxes until October 15, 2021.

What happens if I miss tax deadline?

If you don’t file an extension or make a payment on time, you’ll have to pay penalties and interest on what you might owe the IRS. To learn more about filing or paying your federal taxes, visit irs.gov.

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What time is tax deadline?

The due date for filing tax returns and making tax payments is May 17, 2021. If you haven’t applied for an extension, e-file or postmark your individual tax returns by midnight. The Individual Tax Return Extension Form for Tax Year 2020 is also due on this day.

What happens if I’m late on my taxes?

IF YOU OWE TAXES, YOU’LL PAY A PENALTY AND INTEREST For every month that you file late, you’ll have to pay an additional 5 percent penalty on the total amount you owe. If you can’t pay the full amount you owe when you file, paying what you can and looking into payment plans with the IRS is better than paying nothing.

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