IRS Extends Federal Tax FiIing Deadline to July 15
The Trump administration has announced that due to the COVID-19 outbreak and the social distancing, office, school and business closures making it difficult for Americans to “get around” that the April 15 Federal Tax filing deadline has been pushed to July 15. By then, it’s hoped that the pandemic will be on a significant downturn.
The announcement came earlier today (3/20/20) from U.S. Treasury Secretary Steven Mnuchin in a tweet.
Mnuchin cited that at President Trump’s direction, “we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.”
Earlier this week, the IRS had deferred the payment deadline to July 15 but had left April 15 filing deadline in place.
As of March 13, the latest government data available indicates the IRS has received over 76 million returns and has issued more than 59.2 million refunds.
The average refund check was $2,973.
While the IRS is reportedly going to increase pressure on states to have them align with the new federal deadline, it is important for people to check with their local state officials to ensure they don’t miss their obligation in their state.