Insights is a blog published by SBK Financial covering financial planning, investment management, tax strategies—and other information of interest to our clients and partners.

30 Mar 2021

Tax Day Moved Again: IRS Provides Details on Postponement to May 17th

On Monday, the IRS issued guidance with details on its postponement of the April 15th tax deadline for individuals. Their initial notice of extension of the deadline to May 17th lacked clarity as to whether the extended due date also applied to certain other items traditionally tied to the April 15th deadline, such as 1st quarter estimated tax payments, IRA contributions and HSA contributions. While Monday’s clarification notice did not provide for a full extension of all items historically due on April 15th, it did provide some necessary guidance.