The Treasury Department and Internal Revenue Service announced 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.
Last year's average tax refund was more than $2,500. More than 150 million tax returns are expected to be filed this year, with the vast majority before the Thursday, April 15 deadline.
Below are highlights of each report below:
Find out what's happening in Farmington-Farmington Hillsfor free with the latest updates from Patch.
Property Taxes by State
Hawaii, Alabama and Colorado are the states with the lowest property taxes
Find out what's happening in Farmington-Farmington Hillsfor free with the latest updates from Patch.
Alaska, Delaware and Montana are the states with the lowest tax rates
2021 WalletHub Tax Survey
74% of people say the government has not handled their tax dollars wisely during the COVID-19 pandemic, according to the 2021 WalletHub Tax Survey
Most & Least Federally Dependent States
New Mexico, Alaska and Mississippi are the most federally dependent states
States with the Best & Worst ROI
New Hampshire, Florida and South Dakota are the states with the best taxpayer return on investment
Tax Burden by State
New York, Hawaii and Vermont are the states with the highest tax burdens
2021 Tax Facts Infographic
15 million fewer taxpayers will receive refunds this filling season, according to WalletHub’s 2021 Tax Facts Infographic.
Courtesy: WalletHub