Tax professionals weigh in on 2021 tax season deadline

Written on Feb 08, 2021

A new survey shows a majority of tax practitioners think the filing season extension last year was helpful for both them and their clients – and they’d like to see another extension this year.

The National Association of Tax Professionals surveyed tax professionals in December. Of the 589 respondents, 62% reported they thought the July 15 filing extension for individual returns was positive for them as a practitioner, and 77% of tax professionals thought the extension was positive for their clients.

As a follow-up, 53% of respondents were in favor of another filing extension in 2021.

Other findings include:

  • 73% of respondents expect the lack of guidance from the IRS on new tax provisions related to COVID-19 relief to be the biggest challenge for 2021.

  • 66% of respondents expect the biggest challenge for taxpayers in the 2021 filing season to be understanding the tax impacts of COVID-19, including the economic impact payments, COVID distributions and the earned income credit.