Tax Day has been moved to July 15. Here's what you need to know:
Taxpayers now have an extra three months to both file their federal income taxes and pay them, Treasury Secretary Steve Mnuchin said Friday.
Mnuchin postponed the filing deadline a day after Senate Democrats called on the Treasury Department to change the filing deadline. The AARP also requested the federal government push back the filing deadline. On Thursday, Senate Democrats wrote Mnuchin, saying, “The ongoing public health threat from the COVID-19 pandemic has created widespread economic turmoil for American taxpayers, who are potentially facing a prolonged period without income or revenue.”
When Treasury Secretary Steve Mnuchin announced the July 15 tax payment deferrals earlier this week, he said that didn’t change the rules on extension requests. He encouraged people to file by April 15 if they could, because many would have a refund waiting. Apart from clearing up any potential confusion on tax deadlines, Murphy and his colleagues said a deferred return filing date would help senior citizens and low-income taxpayers. That’s because the IRS offers free in-person tax preparation help through its Volunteer Income Tax Assistance program — but many sites are now shut down.
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