March 18, 2021 

*Update: Ohio updated its tax filing deadline to May 17, 2021, however first quarter estimated income tax payments for tax year 2021 are not impacted and must still be made by April 15, 2021.

The Internal Revenue Service (IRS) is delaying this year’s deadline to file individual federal tax returns (Form 1040). The new deadline is May 17, 2021. The extension is automatic, and individual taxpayers do not need to file any forms or contact the IRS to qualify. However, states set their own deadlines, and Ohio’s deadline remains April 15, 2021, until further guidance is issued. Despite the new IRS deadline, the IRS is urging taxpayers to consider filing as soon as possible. The agency is delayed in processing returns already filed, and by further delaying filing, taxpayers entitled to a refund may experience longer waits to receive those refunds.

Additionally, individual taxpayers (including those who pay self-employment tax) can postpone federal income tax payments for the 2020 tax year to May 17, 2021, without penalties and interest, regardless of the amount owned. Penalties, interest, and additions to tax begin to accrue on unpaid balances as of May 17th. But, estimated tax payments that are due on April 15, 2021, remain due on April 15th.

We will continue to monitor state and federal tax filing deadlines and update you if there are any further changes. If you have any questions in the meantime, please don’t hesitate to contact us here. We are happy to help.

Giulia Di Cenzo is an associate at Walter | Haverfield who focuses her practice on tax and wealth management. She can be reached at gdicenzo@walterhav.com or at 216-658-6230.

Lacie O’Daire is chair of the Tax and Wealth Management Group at Walter | Haverfield. She can be reached at lodaire@walterhav.com and at 216-928-2901.