Important Dates
There are plenty of tax deadlines and dates to track. We’ve summarized some of the most important individual income tax dates for 2020. Here’s a quick reference for this year’s tax filing:
Tax filing deadline: Also known as National Tax Day is April 15th. Sometimes the tax deadline falls on a weekend or holiday, which would make the tax due date the following business day. However, April 15th falls on a Wednesday in 2020, so mark your calendars now.
W2 deadline: To ensure that you have enough time to do your taxes, your employer must send your W2 to you by January 31st and financial institutions must mail out 1099’s by February 15th.
Extension to file: If you requested an extension for filing your taxes, October 15th is the latest you can file. Now that we have the tax filing deadline for individual income taxes established, let’s move onto payment.
Tax payment date: You can pay your tax bill in one lump sum by April 15th, 2020 or you can make estimated payments on April 15th, June 15th, September 15th, and January 15th, 2021.
Keeping track of tax dates is crucial. If you fail to abide by these tax deadlines, you could face penalties and even criminal prosecution. To ensure that your taxes are filed on-time and correctly, browse our library of resources, or work with one of our tax professionals who have helped thousands of taxpayers.