IRS filing deadline extended to May 17

Pandemic hit in ’ 20 filing season, set agency back in terms of processing.

Americans will be getting extra time to prepare their taxes. The Internal Revenue Service says it’s delaying the traditional tax filing deadline from April 15 until May 17.

The IRS announced the decision Wednesday and said it would provide further guidance in the coming days. The move provides more breathing room for taxpayers and the IRS alike to cope with changes brought on by the pandemic.

“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.

The decision postpones when individual taxpayers must file their return and when their payment is due. The IRS said taxpayers who owe money would face no further penalties or interest if they pay by May 17. The new deadline also applies to individuals who pay self- employment tax.

Taxpayers do not need to take any action to take advantage of the new deadline. Those who need more t i me beyond May 17 c an request an extension until Oct. 15.

The new deadline does not apply to estimated tax payments due April 15; those remain due by that day.

The decision to extend the deadline comes after an intense year for the chronically underfunded IRS. The pandemic hit in the middle of last year’s tax filing season, setting the agency back in terms of processing. The IRS has also been a key player in doling out government relief payments.