Bloomberg Tax
May 13, 2021, 8:46 AM

Not Ready to File Your Tax Return? Don’t Fear an Extension

Kelly Phillips Erb
Kelly Phillips Erb

With a few days to go before Tax Day, I am not ashamed to admit that I’ll be filing for an extension. I’m also not alone. As of April 30, 2021, the IRS had received 121,168,000 individual tax returns, down 3.4% from the same time last year.

I realize that those numbers aren’t precisely apples to apples since the deadline was a month later in 2020. But checking the figures two weeks out from that June 15, 2020, deadline shows an even wider gap. Over 133,811,000 returns had been filed by the week ending May 29, 2020, a 9.5% ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.