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TAXES 2020


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Income tax filing deadline moved to July 15: What does it all mean?

Read full article: Income tax filing deadline moved to July 15: What does it all mean?

WASHINGTON โ€“ The income tax filing date has been pushed back from April 15, to July 15, Treasury Secretary Steven Mnuchin said late last week. Mnuchin announced the decision in a tweet Friday, saying that at President Donald Trumpโ€™s direction, โ€œWe are moving Tax Day from April 15 to July 15. The delay is available to people who owe $1 million or less and corporations that owe $10 million or less. It is expected that many states will follow the lead of the federal government and delay their tax filing deadlines as well but that will be a state by state decision. The administration is working with Congress to develop a $1 trillion support package and Mnuchin has said the IRS payment delay will add $300 billion to that effort.

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