Important tax deadlines

 

Mark your calendar with these tax filing and retirement account deadlines. Doing so can help simplify your financial life and may help you avoid IRS penalties.

The Internal Revenue Service extended the federal tax filing deadline to May 17. 

  • State filing and payment deadlines vary and are not always the same as the federal filing deadline. Check with your state tax agencies for those details. See IRS Tax Relief in Disaster Situations for more information on state-by-state extensions.

State

Federal tax filing deadline

IRA contribution deadline

Texas 6/15/2021 6/15/2021
Louisiana 6/15/2021 6/15/2021
Oklahoma 6/15/2021 6/15/2021
West Virginia (select counties) 6/30/2021 6/30/2021
Alabama 8/2/2021 8/2/2021
Kentucky 8/2/2021 6/30/2021
Tennessee (select counties)  8/2/2021 8/2/2021

 

  • February 1, 2021 is the deadline for employers to mail out W-2 Wage and Tax Statements and generally, for businesses to send various Forms 1099, which report non-employee compensation, bank interest, and distributions from a retirement plan, and help calculate your total taxable income. However, extended timelines may apply, resulting in a later mail date. 

 

  • Feb. 16, 2021 is the deadline for businesses to send various Forms 1099 for accounts which include securities and report interest, dividends, capital gains and losses, and other income to help you calculate your total taxable income. However, extended timelines may apply, resulting in a later mail date.

 

  • May 17, 2021 is the filing and payment date to file 2020 federal income tax returns. Learn more at IRS.gov
  • You can file electronically or postmark your paper submission by that date.
  • The deadline to make IRA contributions for the 2020 tax year has been extended to May 17, 2021. 
  • Residents of Texas, Louisiana and Oklahoma have until June 15, 2021 to file federal tax returns and make tax payments. Learn more at IRS.gov
  • You can file electronically or postmark your paper submission by that date. 
  • Taxpayers in Texas, Louisiana, Oklahoma and certain counties in Tennessee have until June 15, 2021 to make IRA contributions for the 2020 tax year. 
  • Taxpayers in Kentucky and hcertain counties in West Virginia have until June 30, 2021 to make IRA contributions for the 2020 tax year.
  • Residents of certain counties in West Virginia have until June 30, 2021 to file federal tax returns and make payments. 
  • Residents of Alabama, Kentucky and certain counties in Tennessee have until August 2, 2021 to file federal tax returns and make payments. 
  • You can file electronically or postmark your paper submission by that date. 
  • Taxpayers in Alabama have until August 2, 2021 to make IRA contributions for the 2020 tax year. 
  • Individuals who filed for an extension need to file their 2020 federal income tax return by October 15, 2021. Returns filed by mail must be postmarked no later than this date. However, you should estimate and pay any owed taxes by the April 15 deadline to help avoid possible penalties.
  • If you are self-employed and filing for an extension for your personal taxes, you will have until the Oct. 15 deadline to file the paperwork for your individual tax return. However, any taxes you owe are still due on April 15.

 

  • December 31, 2021 is the deadline to take required minimum distributions (RMDs) for 2021 tax year.
  • December 31 is the last day to convert a Traditional IRA to a Roth IRA for the 2021 tax year.
  • The deadline to sell non-qualified securities to realize a gain or loss for the 2021 tax year is December 31, 2021, if appropriate.
  • December 31 is the last day to make charitable gifts which may qualify for a federal income tax deduction on your 2021 return.

Due to the importance of these deadlines, please check with your financial institution and ask for their guidelines so that you can meet them.

IRS deadlines for tax document mailing, individual tax return filing, IRA and Coverdell contributions and estimated tax payments are delayed to the next business day if they fall on a weekend or legal holiday.

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Ameriprise Financial, Inc. and its affiliates do not offer tax or legal advice. Consumers should consult with their tax advisor or attorney regarding their specific situation.