The State of Illinois has issued the following guidance regarding income tax filing deadlines for individuals:. If you receive a federal extension of more than six months, you are automatically allowed that extension for Illinois. The IRS tax deadline to file your tax return has been extended to Monday, May 17, 2021 (from the typical deadline of April 15). On this page we have compiled a calendar of all sales tax due dates for Illinois, broken down by filing frequency. Start to prepare and eFile your 2020 Tax Return (s). The Illinois 2021 tax filing deadline has been extended until May 17, matching the IRS federal tax filing extension announced Wednesday. “It’s tough to think we will be under tax season for another month, but we need more time.”. Illinois should move state tax filing deadline to July 15 so it matches the feds’ With the coronavirus outbreak wreaking havoc, the state deadline should be the same as … That will give taxpayers more time to file tax returns and settle bills. The Internal Revenue Service and the State of Illinois have officially moved the 2020 income tax filing deadline for individuals to May 17, 2021 from April 15, 2021. Do you have a comment or correction concerning this page? The American Institute of CPAs this week had urged the IRS to delay the filing deadline, citing the impact of the pandemic on U.S. taxpayers as well as the tax agency itself, which is still trying to dig out of a backlog of returns from the last tax filing season. Accountants had asked the IRS to push back the federal deadline given the ongoing challenges of the coronavirus pandemic for taxpayers and the IRS, which is still dealing with a backlog of tax returns from last year. has not postponed the deadline for making first-quarter 2021 estimated tax payments, as it did last year when it delayed Tax Day because of the pandemic. Depending on the volume of sales taxes you collect and the status of your sales tax account with Illinois, you may be required to file sales tax returns on a monthly, semi-monthly, quarterly, semi-annual, or annual basis. The extra time applies to individual taxpayers, including those who pay self-employment taxes, such as sole proprietors and gig-economy workers, the IRS said. Taxpayers don’t have to file an amended return immediately. We read every comment! Individual taxpayers can also postpone Federal and Illinois income tax payments due for the 2020 tax year to May 17, 2021 without incurring additional penalties or interest. Counties and cities can charge an additional local sales tax of up to 3.5%, for a maximum possible combined sales tax of 9.75%; Illinois has 1018 special sales tax jurisdictions with local sales taxes in addition to the state sales tax; Illinois has a lower state sales tax than 80.8% of states Illinois is following the lead of the Internal Revenue Service and extending the filing deadline for individual income taxes to May 17.. Detailed Illinois state income tax rates and brackets are available on this page. Sales Tax Calculator | The IRS recently extended the tax-filing deadline to May 17, 2021. The Illinois income tax has one tax bracket, with a maximum marginal income tax of 4.95% as of 2021. For tax year 2020, the filing deadline for Illinois income tax returns has been extended from April 15, 2021 to May 17, 2021. SB 685, signed into law by Gov. A number of state tax deadlines were also extended to match. Annual sales tax due on January 20, 2021. Print Exemption Certificates. Homeowners who are newly qualified to receive any of these exemptions but did not receive it in 2020 will need to apply in 2021. Let us know in a single click. Tax-Rates.org — The 2021 Tax Resource. The filing extension does not apply to estimated tax payments that are due on April 15, 2021. (See Form IL-1040 and Schedule IL … ©2021 CBS Broadcasting Inc. All Rights Reserved. April 15, 2021 May 17, 2021 will be the postponed tax deadline, or Tax Day, for 2020 Tax Returns. Tax deadline: Alabama extendedthe tax deadline for filing and paying 2019 individual state income taxes to July 15. For more information, see Bulletin FY 2021-16 . The Illinois tax filing and tax payment deadline is April 15, 2021 May 17, 2021. We grant an automatic six-month extension of time to file your return. The Illinois Department of Revenue will continue to process tax refunds for those filing ahead of the deadline. The latest 2020 Tax Return deadlines are listed here for the 2020 return due in 2021. The due date for calendar year filers is April 15, 2021. In Cook County, the first installment is due by March 1. It added that individual taxpayers don’t need to file any forms or call the IRS to qualify for the May 17 deadline. C-corporation income tax returns (IRS Form 1120): These are due April 15, 2021, for C-corporations that operate on a calendar year. SalesTaxHandbook is a free public resource site, and is not affiliated with the United States government or any Government agency, Sales Tax Handbooks By State | The number of cases rose by 330 on March 25, the same day Pritzker announced the delayed tax deadline. If your income is below $66,000 for the tax year, you can e-file for free using IRS Free File. This is the deadline to file Individual tax returns . Given previous tax seasons, it’s likely that half of taxpayers have yet to file their returns, said Curtis Campbell, president of TaxAct. If the filing due date falls on a weekend or holiday, sales tax is generally due the next business day. Simplify Illinois sales tax compliance! CHICAGO (CBS) — Illinois is giving taxpayers extra time to file their income taxes this year, pushing back the filing deadline from April 15 to May 17, mirroring a change by the IRS for filing federal returns. The 2021 tax deadline - for paying taxes for the year 2020 - has been pushed back by the IRS due to the effects of the coronavirus pandemic. If your income was above that, you can use the IRS’ free, fillable forms. The IRS is postponing the tax filing deadline to May 17 from April 15, the agency said Wednesday. The payment deadline is also May 17, 2021. We provide sales tax rate databases for businesses who manage their own sales taxes, and can also connect you with firms that can completely automate the sales tax calculation and filing process. Depending on the volume of sales taxes you collect and the status of your sales tax account with Illinois, you may be required to file sales tax returns on a monthly, semi-monthly, quarterly, semi-annual, or annual basis. to locate specific information about the status of any refund due,” Illinois Department of Revenue Director David Harris said in a statement. We value your feedback! Usage is subject to our Terms and Privacy Policy. While the federal filing and payment deadline for tax year 2020 returns temporarily changed to May 17, 2021, not every state tax filing deadline for 2020 coincides with the temporary federal due date. For taxpayers awaiting a refund, utilize IDOR’s Where’s My Refund? Enter the total exemption amount you expect to claim on your 2021 Illinois Income Tax return, Line 10. 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Illinois sales tax returns are always due the 20th of the month following the reporting period. Tax preparers have been assessing changes to the tax code, including last week’s $1.9 trillion American Rescue Plan, which will impact issues ranging from taxes on unemployment aid to the Child Tax Credit, as well as loans from the Paycheck Protection Program. In a typical year, Tax Day falls on April 15, unless that day falls on a weekend or a holiday. 1. Penalties and interest on underpayments will be calculated from that date The balance is calculated by subtracting the first installment from the total taxes … (Elsewhere, a county board may set a due date as late as June 1.) Revised state tax deadlines for 2020 returns (2021 filing season) March 31, 2021 : H&R Block. The new deadline for filing your 2020 federal tax return is May 17, 2021. © 2021 SalesTaxHandbook. The federal tax filing deadline postponement to May 17, 2021 only applies to individual federal income tax returns and tax payments otherwise due April 15, 2021. Here's what you need to know - and what to do if you need even more time. 2021 Illinois Monthly Sales Tax Filing Due Dates You can file Illinois income tax returns for free at the state’s MyTax Illinois website. Pritzker Announces Income Tax Filing Extension: 3/18/2021 5:00:00 AM: Free Tax Preparation Assistance Available Throughout Illinois For 2021, the individual tax return date has been moved from April 15 to May 17. The extended deadline is … State officials said the fastest way to receive any tax refund you might be owed is to file your return electronically, and sign up for direct deposit into your bank account. The extended deadline is Sept. 15, 2021. Illinois residents will now have until May 17 to file their individual state income taxes and to make any payments, Gov. The change in the state’s income tax filing deadline won’t apply to estimated tax payments that are due on April 15, which are based on either 100% of estimated or 90% of actual liability for 2021, or 100% of actual liabilities for 2019 or 2020. J.B. Pritzker announced Thursday. “The IRS is doing all they can to help deliver quickly for consumers and getting them their latest updated information may help tax filers get their return and potential other future economic payments faster.”, By viewing our video content, you are accepting the terms of our. FY 2021-16 - Illinois Individual Income Tax Filing and Payment Extension: 3/22/2021 5:00:00 AM: Gov. “I would advise folks to still file as soon as they can, especially if they are in need of their tax refund,” Campbell said. Find IRS or Federal Tax Return deadline details. See detailed state related tax deadline and payment information. IL-1040-ES (R-12/20) Estimated Tax Worksheet. January 2021 Sales Tax Due Dates, in Order of State. Quarterly sales tax due on January 20, 2021. They will generally have up to three years from this year’s tax deadline (May 17) to do so, Grzes said. What is the tax deadline in 2021? But the I.R.S. The second installment is prepared and mailed by June 30 and is for the balance of taxes due. The change in the state’s income tax filing deadline won’t apply to estimated tax payments that are due on April 15, which are based on either 100% of estimated or 90% of actual liability for 2021, or 100% of actual liabilities for 2019 or 2020. Indiana (A) I haven’t found any regional exceptions to this with holidays, but if I find any, I will post here. The tax season might be a little more complicated for filers in certain states. An (A) symbol means that state has an Amazon Fulfillment Center. He added that even with the extra breathing room, taxpayers should still plan on getting their returns to the IRS sooner rather than later. Mar 18, 2021 at 5:15 PM. The U.S. Treasury Department and the IRS announced on March 17, 2021 that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021 to May 17, 2021. Gov. “The filing extension for individual income tax takes effect automatically, so no further action is required by taxpayers to take advantage. Tax Filing Postmark & E-File Deadline. Illinois (A) Monthly sales tax due on January 20, 2021. Calendar of Illinois Sales Tax Filing Dates. Our partner TaxJar can manage your sales tax calculations, returns and filing for you so you don't need to worry about mistakes or deadlines. 1 2. If you're an online business, you can connect TaxJar directly to your shopping cart, and instantly calculate sales taxes in every state. Pritzker Announces Income Tax Filing Extension: https://www2.illinois.gov/Pages/news-item.aspx?ReleaseID=22963: Gov. All rights reserved. ... 2021. Lawmakers on Wednesday applauded the tax agency for the extension, calling it “absolutely necessary.”, “The practitioners have been saying, ‘We’re here, but there aren’t enough hours in the day to get everything done that has been put in front of us,'” said Meredith Tucker, tax principal at accounting firm Kaufman Rossin. The filing deadline has been extended until May 17, 2021. Pritzker, also allows smaller counties to delay penalties for late tax payments and to defer tax sales, both of which are steps taken by the Cook County Board before SB 685 passed. (See Form IL-1040.) Answers others found helpful According to the IRS, "individual taxpayers can also postpone federal income tax payments for the 2020 tax year due on April 15, 2021, to May 17, 2021, without penalties and … May 17, 2021 Individual tax returns due. 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