Can You Still E-File Your 2020 Taxes?

The ability to e-file a 2020 tax return through consumer software or the IRS Free File system has ended. The IRS closes its public-facing electronic filing system for a tax year after the filing season concludes. This means individuals can no longer use popular online platforms to submit a 2020 return electronically, though other filing methods are available.

E-Filing a 2020 Return Through a Tax Professional

The only remaining option for electronically filing a 2020 tax return is through an authorized IRS e-file provider. Tax professionals use specialized, professional-grade software that can transmit prior-year returns, including those for 2020, directly to the IRS. This service is not free and will involve a preparation fee that varies based on the complexity of the return.

Engaging a professional is an efficient method for those who prefer electronic submission and a quicker processing time compared to mail. These practitioners are authorized to handle such filings and can ensure the return is submitted correctly according to IRS electronic protocols.

Filing a 2020 Paper Return

For those who wish to file a 2020 return themselves, the only available method is by mail. You must obtain the correct forms for the 2020 tax year, including the Form 1040 and any necessary schedules, from the “Prior Year Forms and Instructions” section of the IRS website. It is necessary to use the 2020 versions, as tax laws, deductions, and credits change annually.

Once you have completed the correct forms, you must print, sign, and date the return. The next step is to mail the complete package to the IRS. The correct mailing address depends on the state you reside in and whether you are including a payment. The IRS provides a “Where to File” page on its website with a list of addresses, and using a mailing service with tracking is advisable to get proof of delivery.

Key Deadlines and Potential Penalties

Filing a late 2020 return involves deadlines, especially concerning refunds. Taxpayers generally have three years from the original return due date to claim a tax refund. For 2020 returns, which had a postponed deadline of May 17, 2021, the final day to claim a refund was May 17, 2024. If a return showing a refund is not filed by this date, the money is forfeited to the U.S. Treasury.

If you owe taxes, filing late can result in penalties. The IRS can assess a Failure to File penalty of 5% of the unpaid tax for each month a return is late, capped at 25%. There is also a Failure to Pay penalty of 0.5% of the unpaid taxes per month, also capped at 25%. Interest can also accrue on the unpaid amount, compounding the total due.