Volunteers load cases of water into the bed of a truck during a mass distribution of water at Delmar Stadium in Houston on February 19.
Justin Sullivan | Getty Images
Some taxpayers have more time to file their 2020 returns.
For individuals and businesses located anywhere in Texas – much of which has been declared a disaster area – tax returns and payments will be due June 15 instead of the April 15 standard generally in place for everyone. world, the IRS said Monday.
Last year, the IRS extended the tax filing (and payment) deadline to July 15 for all taxpayers. The agency recently said it had no plans to take the same step this year.
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However, in any area affected by winter storms and declared a disaster by the Federal Emergency Management Agency, taxpayers would also get the same extension granted to those in Texas.
The extension also means those affected have until June 15 to make 2020 contributions to individual retirement accounts, the IRS said. Business returns typically due on March 15 are also pushed back to the later deadline, as are estimated quarterly tax payments normally due on April 15.
If you are one of the taxpayers facing the standard deadline and need more time, you can request an extension from the IRS. Be aware that this will not give you time to pay what you owe without incurring potential penalties.
The tax filing season began on February 12, a few weeks later than usual. IRS plans to process 150 million returns this year
(Correction: an earlier version of this story said the deadline was July 15th).