Is Michigan tax Extension deadline 2021?
Is Michigan tax Extension deadline 2021?
Michigan conformity with IRS Notice 2021-59. To conform to the automatic extensions granted through IRS Notice 2021-59, the Department will extend individual and composite State income tax returns and payments of 2020 taxes due on April 15, 2021 to May 17, 2021.
Is state of Michigan tax deadline extended?
If you owe MI income taxes, you will either have to submit a MI tax return or extension by the April 18, 2022 tax deadline in order to avoid late filing penalties. The extension will only avoid late filing penalties until Oct. 15, 2022 Oct. 17, 2022.
Can I file an extension for Michigan State taxes?
If you have not been granted a federal extension, the Michigan Department of Treasury (Treasury) will grant a 6 month extension for Individual Income Tax (IIT) and composite returns, or a 5.5 month extension for fiduciary returns.
What is the final extension date for 2020 taxes?
The filing deadline for tax returns has been extended from April 15 to July 15, 2020. The IRS urges taxpayers who are owed a refund to file as quickly as possible.
What is the deadline for filing taxes in Michigan?
Calendar Year Filers: Return and payment due April 15; July 15; October 15; and January 15. Fiscal Year Filers: Return and payment due the 15th day of the first month after each quarter.
Will the tax date be extended again?
No, the IRS has not extended the deadline past April. Currently, the tax filing deadline for 2022 is April 18.
How do I file an extension for Michigan?
To apply for a Michigan personal extension, you must file Michigan Form 4 or a copy of your valid Federal tax extension (IRS Form 4868). The State of Michigan recognizes a properly filed Federal tax extension. Therefore, if you have a valid Federal extension, you will automatically be granted a Michigan tax extension.
Do I need to file an extension in Michigan?
You only need to file a Michigan state extension if you expect to owe taxes to the state of Michigan. If you’ll be getting a refund, you don’t need to file a Michigan extension.
What if I miss the tax deadline 2021?
If you missed the April 18 tax deadline, you may cut back on penalties by filing your return promptly. The failure to file fee is 5% of unpaid taxes per month and late payments incur 0.5%, both capped at 25%. However, with a history of on-time filing and payments, you may qualify for one-time penalty relief.