IRS and Most States Extended Filing Deadline to May 17

Because of the ongoing situation with the pandemic and confusion over recent changes in the tax rules, the IRS has extended the standard filing deadline to May 17 instead of the usual April 15. This means that if you owe any taxes at filing, they must be paid in full no later than May 17. If extensions are filed, the deadline for filing is October 15 as usual, but this does not extend the time to pay the tax, it only prevents the IRS or states from assessing late filing penalties; late payment penalties and interest can still be assessed on any late paid taxes.

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100% deduction for business meals in 2021 and 2022

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Happy Holidays and Best Wishes for 2021!