PC NEWS: 220.127.116.11 update is out! More info here. Report bugs here
CONSOLE 1.4 NEWS: The current plan is to have Terraria: Journey's End out for Xbox and PlayStation in Q3 2021 (Jul-Sep). Switch will follow shortly afterwards. More info here. Stay up to date with console news here
MOBILE NEWS: Stay up to date with the latest mobile news here. Report mobile bugs here
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My advice is to not pay attention to any information or rumors about release dates unless it comes directly from Re-Logic itself. A majority of the time false info spreads from people who make guesses or predictions about when an update will release. It is worse when someone does claim a release date when there is no evidence behind it.
When the 1.4 update is ready for Consoles, that information will be shared in a Forum announcement which usually comes from Loki. It might be in 2020, it might be later. Statements from the developers themselves are the only things that should be trusted.