For 2021, May 17* is the big deadline during tax season, but other deadlines worth noting are set forth below. This tax calendar can help you be aware of some of the approaching deadlines.
* The IRS postponed from April 15, 2021, until May 17, 2021, the deadline for individual taxpayers to file a 2020 Federal income tax return and to pay 2020 Federal income tax due. The IRS has also extended the deadline to make 2020 contributions to a traditional or Roth IRA until May 17, 2021. For residents of Texas, Oklahoma and Louisiana, the filing, payment and contribution deadlines have been extended to June 15, 2021 due to the winter storms in February. For more details and updates visit Coronavirus Tax Relief and Tax Relief in Disaster Situations on the IRS website (www.irs.gov).
This is a 2021 tax calendar listing some of the approaching deadlines.
|Date||Tax season event|
|Dec. 31, 2020|
Last trade date to recognize a gain or loss
Last day to convert/transfer your Edward Jones Traditional or Roth IRA
Last day to take a distribution from your Edward Jones retirement account*
*Required minimum distribution (RMDs) have been waived for the 2020 tax year. A distribution may be taken if desired.
|Jan. 15, 2021|
Fourth-quarter 2020 estimated tax payment due
|Feb. 1, 2021|
IRS deadline for Forms 1099-R and 1099-Q to be furnished to clients
|Feb. 16, 2021|
IRS deadline for Consolidated 1099 Tax Statement to be furnished to clients
(May include Forms 1999-B, 1099-DIV, 1099 INT, 1099-MISC and/or 1099-OID)
|March 1, 2021|
Federal tax-filing deadline for farmers/fishermen not making quarterly estimated tax payments
|March 15, 2021|
Federal tax-filing deadline for S corporations, partnerships and LLCs taxed as an S corporation or partnership
Deadline for partnerships to issue Schedule K-1 to partners
|April 15, 2021|
First-quarter 2021 estimated Federal tax payments due
|May 17, 2021|
Federal income tax-return filing and payment deadline:
Last day to make a 2020 contribution to your Edward Jones traditional or Roth IRA
Federal filing deadline for non-profit organizations
|June 15, 2021|
Second quarter 2021 estimated tax payment due
Texas, Oklahoma and Louisiana residents affected by winter storms in February (disaster relief extension):
Federal income tax-return filing and payment deadline
Last day for individuals in Texas, Oklahoma or Louisiana to make a 2020 contribution to an Edward Jones traditional or Roth IRA
|June 30, 2021||IRS deadline for Form 5498 to be furnished to clients|
|Sept. 15, 2021|
Third-quarter 2021 estimated tax payment due
|Oct. 15, 2021|
Federal tax-filing deadline for individuals who filed an extension
Note: All business entity deadlines listed are for calendar tax-year reporting with a Dec. 31 year-end. Different deadlines may apply for business entities reporting on a fiscal tax year.
For tax questions, consult your tax professional. For investment-related questions, please contact your local Edward Jones financial advisor.
Edward Jones, its employees and financial advisors cannot provide tax or legal advice. You should consult your attorney or qualified tax advisor regarding your situation. This content should not be depended upon for other than broadly informational purposes. Specific questions should be referred to a qualified tax professional.