Bloomberg News
@Bloomberg-News·2.8M subscribers·40.1K videos
IRS Delays U.S. Tax Deadline to May 17 After Disruptive Year
Posted
March 18, 2021
Views
22,115
Likes
115
Comments
60
Engagement
March 18, 2021
22,115
115
60
0.79%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
0:40Now PlayingThe Internal Revenue Service is delaying the April 15 tax-filing deadline to May 17, giving taxpayers an additional month to file returns and pay any outstanding levies.
The postponement applies to individual taxpayers, including people who pay self-employment tax, the IRS said in a statement Wednesday. The relief does not apply to the first-quarter 2021 estimated tax payments that many small business owners owe, however, the agency said. Those payments are still due on April 15. The IRS said it plans to issue more guidance in the coming days.
“This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help taxpayers navigate the unusual circumstances related to the pandemic, while also working on important tax-administration responsibilities,” IRS Commissioner Chuck Rettig said in a statement. “Even with the new deadline, we urge taxpayers to consider filing as soon as possible, especially those who are owed refunds.”
The filing extension gives taxpayers additional breathing room to meet their tax obligations in what is becoming one of the most complicated tax seasons in decades. The change comes after calls from accountants and lawmakers to put off the due date as new legislation and pandemic-related work changes disrupt taxpayer plans.
The IRS said that taxpayers do not need to take any action to take advantage of the extended May 17 deadline. The agency highlighted that the delay does not apply to state tax returns, where the deadlines are set by each jurisdiction.
Subscribe to our YouTube channel
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
To watch complete coverage on Bloomberg Quicktake 24/7, visit or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app.
Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake
Connect with us on…
Breaking News on YouTube
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
