March 26, 2021

The Ohio Department of Taxation is following suit with the Internal Revenue Service to delay this year’s deadline to file individual Ohio income tax returns (Ohio Form IT 1040) and school district income tax returns (Ohio Form SD 100) for tax year 2020. The new deadline is May 17, 2021, an extension of about a month. Ohio will waive the penalty on tax due payments made during the extension, and will not charge interest on payments made during the extension.

Although the Ohio Department of Taxation is delaying the deadline to file individual state income tax returns for tax year 2020, the first quarter estimated income tax payments for tax year 2021 are not impacted and must still be made by April 15, 2021.

Mike Sorice is an associate in the Columbus, Ohio office of Walter | Haverfield. He assists closely-held businesses with business succession planningmergers and acquisitions, and tax planning. Mike can be reached at 614-246-2262 or msorice@walterhav.com.