These taxpayers have until June 15 to file their 2020 tax return
Volunteers load cases of water into the back of a truck during a bulk water distribution at Delmar Stadium in Houston on Feb. 19.
Justin Sullivan | Getty Images
Some taxpayers have more time to file their 2020 tax returns.
For individuals and businesses across Texas, much of which has been designated as a disaster area, tax returns and payments are due on June 15, rather than April 15, which is normally the case for everyone else, the IRS said Monday.
Last year, the IRS moved the deadline for filing (and paying) taxes to July 15 for all taxpayers. The agency recently said it had no plans to take the same action this year.
More from Personal Finance:
How spouse benefits work when you make social security claims early
Here you will find a ten year guide to retirement planning
Here’s when your tax return may be flagged by the IRS
In all areas hit by winter storms and declared a disaster by the Federal Emergency Management Agency, taxpayers would get the same extension for those in Texas too.
The extension also means affected individuals will have until June 15 to contribute to individual retirement accounts in 2020, the IRS said. Corporate returns, which are typically due on March 15th, will be postponed to the later date, as will the quarterly estimated tax payments, which are typically due on April 15th.
If you are one of those taxpayers who are ahead of the standard deadline and need more time, you can apply to the IRS for an extension. Note that this will not allow you to delay paying your debt without incurring potential penalties.
The tax return was opened on February 12th, a few weeks later than usual. The IRS expects 150 million returns this year
Correction: For individuals and businesses across Texas, tax returns and payments are due June 15th. In an earlier version, the date was incorrectly specified.