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03-20-2020 10:23 AM
Treasury Secretary Steve Mnuchin on Friday announced that Americans will have an additional three months to file their federal taxes.
“At [President Donald Trump’s] direction, we are moving Tax Day from April 15 to July 15,” Mnuchin revealed on Twitter. “All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.”
03-20-2020 10:24 AM
i just thought about this yesterday. thanks for letting us know
03-20-2020 10:32 AM
Please don't rely on Twitter for important info. I just checked IRS dot gov and the payment deadline has been extended to July 15. Taxes still must be filed by April 15.
03-20-2020 10:45 AM
Marp is correct.
03-20-2020 11:06 AM
@DrakesMomma wrote:Please don't rely on Twitter for important info. I just checked IRS dot gov and the payment deadline has been extended to July 15. Taxes still must be filed by April 15.
I just got the same alert on my phone. I don't think a lot of ppl understood that when they were talking about extending income taxes 90 days that originally it meant tax returns were still due Apr 15 but you had 90 days to pay if you owed money. Kind of stupid but glad to see they were finally able to shore up the two.
03-20-2020 11:07 AM
03-20-2020 11:08 AM
The extension is good although for me it's not helpful. For the first time in many, many years I don't owe - even getting a small refund. Just enough to eat out once if there were any place to eat out, but not complaining. I was afraid I'd owe!
03-20-2020 11:11 AM
Marp is correct.
Originally they were extending the time to pay, but you still had to file by April 15th. The filing date has now been pushed back as well. This has all happened within the last 45 minutes.
I got alerts on this from Yahoo Finance, the NY Times and Politico.
03-20-2020 11:29 AM
I have already filed, but will hold on to my $ until 7/15.
This is a good time for people to work on their tax returns. Most of us have some extra time at home now. Best to get it done and out of the way, if possible.
Maybe you can consult with your tax preparer over the phone and get most or all of it done in the coming weeks, if you do it that way.
03-20-2020 11:41 AM
From the IRS website:
March 18, 2020
The Treasury Department and the Internal Revenue Service are providing special payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns remains April 15, 2020. The IRS urges taxpayers who are owed a refund to file as quickly as possible. For those who can't file by the April 15, 2020 deadline, the IRS reminds individual taxpayers that everyone is eligible to request a six-month extension to file their return.
Individuals: Income tax payment deadlines for individual returns, with a due date of April 15, 2020, are being automatically extended until July 15, 2020, for up to $1 million of their 2019 tax due. This payment relief applies to all individual returns, including self-employed individuals, and all entities other than C-Corporations, such as trusts or estates. IRS will automatically provide this relief to taxpayers. Taxpayers do not need to file any additional forms or call the IRS to qualify for this relief.
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