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.
In some welcome relief, the IRS recently announced that the tax filing and payment deadline would be extended to July 15th. But what about the deadline for your IRA contributions and upcoming estimated tax payments? Here's what we know so far: