IRS Extends Tax Deadline to May 17, 2021

Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline.

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Michelle O'Conner
VP of Marketing

The IRS just announced they are extending the Tax Deadline for individuals to May 17, 2021. This new deadline doesn’t mean you should put off filing your taxes— nearly 75% of all Americans are eligible to receive a refund. This means the sooner you file, the sooner you'll receive your refund! Last year nearly three out of four tax filers received a tax refund averaging nearly $3,000! The IRS states that taxpayers can receive their tax refunds within 21 days of acceptance when filing electronically with direct deposit.

If you're overwhelmed or unsure how to reconcile your 2020 cryptocurrency transaction data — you've got the TaxBit team here to help! We've processed millions of cryptocurrency tax forms, and our industry-leading software will ensure your cryptocurrency tax experience is IRS compliant and streamlined. The 8949 you need to file your taxes is just a few clicks away. Our team will help you navigate through any questions you may have, including formatting CSV data for you.

Check out this blog post to learn more about why you should file your taxes early.

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