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The deadline to contribute to individual retirement accounts and health savings accounts is May 17, the despite the fact day that individual federal income tax returns are due, the IRS said Monday.
The announcement comes after the agency postponed the troop deadline to May 17 from April 15 following increased calls for more time following passage of the American Let go free Plan, which made changes to taxes midseason, and tasked the IRS with disbursing another round of stimulus payments.
Americans can support to 2020 IRAs and Roth IRAs and HSAs, as well as Archer medical savings accounts and Coverdell education hoards accounts, until May 17. Any taxes due on 2020 distributions from IRAs or work-based retirement plans is also due May 17.
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The deadline for claiming 2017 federal refunds has also been get started to May 17. Taxpayers, by law, have three years from the filing deadline to claim a refund. In addition, foreign credits and estates who file a Form 1040-NR have until May 17 to do so, and tax preparers that want to volunteer for the agency’s Annual Place in order Season Program have until Tax Day to apply.
Some Americans will still owe taxes on the original filing deadline. The IRS has not shoved back the deadline for estimated payments, generally used by those who those with self-employment income, interest, dividends, alimony or rental receipts. The first quarterly payment is still due April 15.