On Tuesday, March 30, the Internal Revenue Service provided another deadline postponement for taxpayers making certain contributions.
In extending the deadline to file Form 1040 series returns to May 17, 2021 the IRS is postponing to the same date the time for individuals to make the following 2020 contributions:
- Individual retirement arrangements (IRAs and Roth IRAs)
- Health savings accounts (HSAs)
- Archer Medical Savings Accounts (Archer MSAs), and
- Coverdell education savings accounts (Coverdell ESAs).
Finally, the IRS again stated that the due date for 2021 1st quarter estimates has not been extended and remains due April 15, 2021.
For additional guidance on this extension, feel free to contact your preferred office. We are here to help!