The Treasury Department and IRS have announced that the income tax filing deadline has now been extended to July 15, 2020.
On Friday morning, the Treasury Department and IRS announced that the income tax filing deadline has now been extended to July 15, 2020.Earlier this week.
Secretary Mnuchin announced the extension of the tax payment deadline but did not change the filing deadline - that has now changed. The agencies have now extended both the filing deadline for filing individual and business income tax returns, as well as the payment deadline for those who owe taxes. Americans will have an additional three months to file their taxes amid the coronavirus pandemic, the US treasury secretary said on Friday.
"We are moving Tax Day from April 15 to July 15," Secretary Steven Mnuchin tweeted. "All taxpayers and businesses will have this additional time to file and make payments without interest or penalties." He said he was acting at President Donald Trump's direction.
The White House had announced previously they were deferring tax payments for 90 days, but that Americans would still need to file by April 15. Now, the deadline will be extended into the summer.
Mnuchin said Americans with refunds should still file now. "I encourage all taxpayers who may have tax refunds to file now to get your money," he wrote.
The action is a part of the government's efforts to minimize economic disruption as it combats the COVID-19 Coronavirus pandemic. Earlier this week, the President also declared a national emergency and invoked the Stafford Act, which gives him greater authority to mobilize federal resources.
The change will have no effect on the millions of Americans who have already filed their taxes this year.
Sources:
https://www.cnn.com/2020/03/20/politics/steven-mnuchin-tax-day-july-15/index.html