On March 17, 2021, the Treasury Department and the Internal Revenue Service announced that the federal income tax filing and payment deadlines for the 2020 tax year for individuals will be automatically extended from April 15, 2021, to May 17, 2021. Most states, including Montana, are following the federal government’s lead and providing similar tax filing and payment due date relief without imposing late filing or late payment penalties.

You have undoubtedly seen many reports about the extension of the tax filing deadline. Last year when the IRS announced the filing extension deadlines there was a flurry of activity with states and IRS making revisions before finally settling on due dates for returns and estimated tax payments. We hoped to avoid bombarding you with information again this year and waited for the dust to settle. While these dates could still change, the due dates for 2020 returns and payments normally due on April 15th are currently as follows:

  • Individual income tax returns – filing and payment deadlines extended to May 17, 2021*
  • Fiduciary income tax returns for estates and trusts – filing and payment deadlines remain April 15, 2021*
  • Corporate income tax returns – Federal filing and payment deadlines remain April 15, 2021; Montana filing and payment deadlines remain May 17, 2021
  • Estimated tax payments for individuals, estates and trusts for the 1st quarter remains April 15, 2021*
  • Annual gift tax returns – filing and payment deadlines remain April 15, 2021
  • Exempt organizations – fiscal years ended June 30, 2020, exempt organizations with an extension to May 17, 2021, the deadline remains with no further extensions.

*Federal and Montana

If you have questions about these deadlines or deadlines in a particular state, our Tax Team is pleased to be a resource to you. Please contact us for further information.

This article was written by Cindy Utterback, CPA and Shareholder in our Helena office.


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