For 2020, July 15 was the big deadline during tax season, but some of the 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, 2020, until July 15, 2020, the deadline for all taxpayers to file a 2019 Federal income tax return and to pay 2019 Federal income tax due. The deadline to make traditional and Roth IRA contributions was also extended to July 15, 2020. The deadline for brokerage firms to furnish Form 5498 was extended to Aug. 31, 2020. For more details and updates visit Coronavirus Tax Relief on the IRS website (www.irs.gov).
Important Dates
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 Last day to make a 2020 contribution to your Edward Jones traditional or Roth IRA
|
| May 15, 2021 | Federal filing deadline for nonprofit organizations |
| May 31, 2021 |
IRS deadline for Form 5498 to be furnished to clients |
| June 15, 2021 | Second quarter 2020 estimated tax payment due |
| Sept. 15, 2021 | Third-quarter 2020 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.
More questions?
For tax questions, consult your tax professional. For investment-related questions, please contact your local Edward Jones financial advisor.
Important Information:
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.