State Tax Revenues in May Exceeded Budgeted Estimates, per Tennessee Department of Finance and Administration

The Tennessee Department of Finance and Administration announced Tuesday that overall May state tax revenues exceeded budgeted estimates. On an accrual basis, May is the tenth month in the 2021-2022 fiscal year.

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Virginia Extends Tax Filing Deadline to Mid-May, Encourages Electronic Filing

small business taxes

The deadline for filing and paying individual income taxes in Virginia has been extended until May 17, 2021 to coincide with the federal government’s extension on the same date, Gov. Ralph Northam’s office announced Friday.

“Aligning Virginia’s filing and payment deadline with the federal government will provide additional flexibility and simplify the process for taxpayers,” Northam said in a statement. “Even with this extended deadline, we encourage Virginians to file as soon as possible so we can get people the refunds they are entitled to while also protecting the Commonwealth’s strong fiscal footing.”

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