Tax-filing Deadline delayed until May 17

According to Bloomberg News: The Internal Revenue Service is delaying the April 15 tax-filing deadline to May 17, giving taxpayers an additional month to file returns and pay any outstanding levies.

The postponement applies to individual taxpayers, including people who pay self-employment tax, the IRS said in a statement Wednesday. The relief does not apply to the first-quarter 2021 estimated tax payments that many small business owners owe, however, the agency said. Those payments are still due on April 15. The IRS said it plans to issue more guidance in the coming days.