Missouri Extended the Individual Tax Filing and Payment Deadline to May 17, 2021

2021-03-31 Press Release, Missouri Gov. Michael L. Parson, March 19, 2021. Missouri extended the 2020 state individual tax filing and payment deadline to May 17, 2021. Taxpayers that file their return and pay the tax due by May 17, 2021, will avoid late filing and payment penalties, and interest. The relief is automatic, and individuals do not need to take any action to qualify. Taxpayers may still ask for an…

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“E-BIKE Act” Proposes Tax Credit for E-Bike purchases

2021-03-18 “Electric Bicycle Incentive Kickstart for the Environment Act” or The E-BIKE Act, H. R. 1019, was introduced on 2/11/2021 to amend the Internal Revenue Code to provide a credit for the purchase of certain new electric bicycles. The credit would be up to 30% of the cost of any qualified electric bicycle placed in service during the taxable year, up to a maximum of 1 bicycle and $1,500 for…

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Treasury, IRS extend filing and payment deadline to May 17, 2021

2021-03-18 The Treasury Department and Internal Revenue Service announced March 18 that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in the coming days. IR-2021-59, March 17, 2021. Individual taxpayers do not need to file any forms or call the IRS to qualify for this…

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