Tips for Filing 2020 Taxes

April 12, 2021

The due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. Here are some tips to help you file:

  • Choose direct deposit
    • The safest, most accurate and fastest way to get a refund is to electronically file and choose direct deposit. Direct deposit means any tax refund is electronically deposited for free into a taxpayer’s financial account.
  • Charitable donation deduction
    • Under the CARES Act, individuals can claim a deduction of up to $300 for cash contributions made to qualifying charities during 2020. This deduction does not apply to donated property. 
  • Taxable unemployment compensation
    • Millions of Americans received unemployment compensation in 2020, many of them for the first time. Don't forget that this compensation is taxable and must be included as gross income on your tax return.
  • Disasters such as flooding or hurricanes
    • Special tax law provisions may help taxpayers and businesses recover financially from the impact of a disaster, especially when the federal government declares their location to be a major disaster area. Depending on the circumstances, the IRS may grant additional time to file returns and pay taxes.
  • IRA and health savings account contributions
    • The deadline for contributions to IRA and health savings accounts has also been extended to May 17, 2021. 
  • Check the IRS Where's My Refund? tool
    • The IRS website lets you plug in your name, filing status, and refund amount to check on the status of your refund. A personalized refund date should show up 24 hours after you e-file.
  • Louisiana state returns and payments
For additional information, guidance, and tips, visit IRS.gov or revenue.louisiana.gov.