Illinois Joins Feds In Extending Tax Filing Deadline
There was some concern that Illinois wouldn't follow along with the federal government in extending the tax deadline, but at the end of last week, Governor Pritzker decided to get on board the tax deadline extension bandwagon.
Given the way the last year has gone for most Illinoisans (and Americans as a whole), it was nice to see the feds say that they were feeling charitable enough to allow you some extra time to put together and send in your taxes. The IRS said last week that we can take until May 17th to cope with changes brought on by the pandemic. If you need more time beyond May 17th to complete your federal taxes you can request an extension until October 15th.
This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help taxpayers navigate the unusual circumstances related to the pandemic, while also working on important tax administration responsibilities. Even with the new deadline, we urge taxpayers to consider filing as soon as possible, especially those who are owed refunds. Filing electronically with direct deposit is the quickest way to get refunds, and it can help some taxpayers more quickly receive any remaining stimulus payments they may be entitled to.
Illinois Governor JB Pritzker came out last week with the news that Illinoisans can take the same time frame extension for their Illinois state taxes, too. You can draw a line through April 15th on your calendar, and then make a new mark on May 17th. The state plans no changes on how taxes filed before the deadline are processed.
The Illinois Department of Revenue said 2.4 million people have already filed their state taxes, and more than 79% of taxpayers who have already filed are expecting a refund.
And you thought that IRS and Illinois Department of Revenue didn't care about you.