Tax deadline extended
The IRS, Treasury Department and State of New Mexico will postpone the April 15 tax-filing deadline to May 17.
The latest coronavirus relief bill was signed into law by President Joe Biden on March 11 in the middle of tax season. This made a number of changes that added to an already complex filing year for many. Additionally, the passage of the $1.9 trillion American Rescue Plan meant the agency was tasked with sending another round of stimulus payments while at the same time processing tax returns and refunds.
The extended deadline applies to New Mexico Taxes as well. Click here for more.
Beyond the tax changes made by the latest Covid bill, filing a tax return is extra important this year as it’s the only way to recoup stimulus payments that you may be eligible for and didn’t receive.
If your circumstances changed, or you’re a non-filer, you need to file a tax return with the IRS and claim the recovery rebate credit to get the economic impact payments you were owed and make sure the agency has your information on file for any future payments.
For more details, please read the full news release from the IRS.
This article is meant to be informational and in no way be interpreted as tax advice. Consult your tax adisor for specific questions regarding your personal situation.