On Wednesday of this week, the Internal Revenue Service along with the U.S. Department of Treasury announced that the filing deadline for individual taxpayers has been extended for an additional month, to May 17, 2021. The extension only applies to individual taxpayers – not business taxes – and is automatic and therefore does not require the filing of any additional forms with the agency. Along with the postponement on filing, taxpayers may also postpone the payment of federal income tax payments due April 15 until May 17, 2021, however interest and penalties will begin to accrue on May 17, 2021. Already this year, the IRS announced that in the wake of the FEMA declared disasters from winter storms across parts of the southern United States, taxpayer obligations in Texas, Oklahoma and Louisiana were postponed until June 15, 2021. The national extension on filing obligations to May 17 does not impact that June 15 deadline. Also of course, IRS postponement does not have any impact on taxpayer state tax filing and payment obligations.