| U.S. Treasury secretary, Steven Mnuchin just announced that the April 15 tax filing deadline has been pushed back until July 15, 2020. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties. Mnuchin advises Americans who are expecting tax refunds should still file now so they can have access to the money.
Taxpayers can still request a six-month extension to file returns, like they could in any other year.
The new deadlines announced by the administration apply to federal tax income payments only. More information and details will be shared as it becomes available. It’s up to states to set their own deadlines. Some states are making changes due to the coronavirus. We will keep you posted as we learn new information.
Source Marty McCarthy, CPA, CCIFP
Managing Partner
McCarthy & Company |