Breaking News: 2025 Tax Deadline Officially Extended to May 17th

Tax professional here! This is indeed good news for many filers. Just to clarify a few points about this extension: This extension is automatic - you don't need to file any special forms to qualify for the May 17th deadline. However, keep in mind this only applies to individual federal tax returns. If you pay quarterly estimated taxes, your Q1 payment for 2025 is still due on April 15th (this deadline hasn't changed). Also, state tax deadlines might differ - some states automatically follow federal changes while others set their own deadlines. The extension gives you more time both to file your return AND to pay any taxes due without penalties or interest. This is helpful if you're waiting on documents or need more time to gather funds for a payment.

I was totally panicking about getting my taxes done while dealing with a cross-country move next month! Found a lifesaver called taxr.ai (https://taxr.ai) that helped me make sense of all my tax documents. It analyzed my W-2s and 1099s from both states and showed me exactly what I needed to claim for each state return. Saved me from making a costly mistake with my moving expenses too - turns out those aren't deductible anymore for most people! The deadline extension plus this tool gives me breathing room to double-check everything.

Ok I have to admit I was wrong about taxr.ai. I decided to try it after my skeptical comment here and wow - it actually caught something TurboTax missed! I uploaded my 1099-MISC from a random consulting gig I did last summer and it immediately flagged that I could deduct my home office for those months I worked from home on that project. Showed me exactly which form to use (Schedule C) and how to calculate the square footage properly. This extension to May 17th plus having this tool actually helped me discover an extra $1,200 in deductions I would have missed! Thanks for sharing this.

Anyone else having issues getting through to the IRS to ask questions? I've been calling for DAYS about my missing 1099-R and keep getting disconnected. With this new May 17th deadline I thought the phone lines might be less busy but nope! Friend told me about this service called Claimyr (https://claimyr.com) that got him through to an actual IRS person in under an hour. There's a video showing how it works here: https://youtu.be/_kiP6q8DX5c. Thought I'd share since we've got the extra month now to sort things out before filing.

I can't believe I'm saying this but that Claimyr thing actually works. After posting my skeptical comment I figured I'd try it since nothing else was working. Within 45 minutes I got a call connecting me to an actual IRS agent who helped straighten out my missing stimulus payment issue. They answered all my questions about this May 17th extension too - confirmed that my SEP IRA contribution deadline is also extended. Saved me hours of frustration and hold music! Now I can actually file by the new deadline instead of having to request an extension to October.

Do we know if this May 17th deadline applies to tax amendments too? I realized I forgot to include some self-employment income on my 2023 return that I filed last year and need to submit a 1040-X. Not sure if that falls under this extension?

Anyone else think it's ridiculous we get only 1 extra month? Canada gives their citizens until JUNE to file taxes every year normally! With all the covid relief complexity and unemployment tax changes, we should have gotten at least that much time. The may 17th deadline is barely helpful tbh 🙄

This extension is such a relief! I was scrambling to get everything organized for my small business taxes - between all the receipts, mileage logs, and client payments, April 15th was looking impossible. The extra month gives me time to actually review everything properly instead of rushing and potentially missing deductions. Quick question for anyone who knows - does this May 17th deadline also apply to quarterly estimated tax payments for Q1 2025, or is that still due April 15th? I've been making quarterly payments for my freelance work but want to make sure I don't miss that deadline while focusing on getting my 2024 return filed.

This is such welcome news! As someone who's been putting off organizing my tax documents (guilty as charged), this extension feels like a lifesaver. I've been dreading dealing with the crypto transactions I made last year - trying to figure out cost basis and all those different trades has been overwhelming. The extra month will let me actually sit down and go through everything methodically instead of just throwing numbers together at the last minute. I'm also relieved to hear that the payment deadline is extended too, not just the filing deadline. Last year I had to scramble to come up with the money I owed by April 15th, so having until May 17th for both filing AND payment takes a lot of pressure off. Does anyone know if this extension affects state taxes too? I know some states follow federal deadlines automatically but others don't. I'm in California and want to make sure I'm not missing anything there.