Saturday, March 21, 2020

US Federal Tax Delay from April 15 to July 15 Expanded to Cover Everyone



Here is the latest official statement from the US Treasury:

Following President Donald J. Trump’s emergency declaration pursuant to the Stafford Act, the U.S. Treasury Department and Internal Revenue Service (IRS) yesterday announced that the tax filings and payments for all federal income taxes (including self-employment tax) due on April 15, 2020, regardless of amount, will now be due on July 15, 2020.

“At President Trump’s direction, we are moving Tax Day from April 15 to July 15,” said Secretary Steven T. Mnuchin.  “All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.  I encourage all taxpayers who may have tax refunds to file now to receive those funds as quickly as possible.”

Taxpayers are not required to file any documentation to take advantage of this delay, and no interest or penalties will be assessed in connection with this extension.  This is an expansion of the relief previously announced on March 18, 2020.

This relief only applies to federal income tax (including tax on self-employment income) payments otherwise due April 15, 2020, not state tax payments or deposits or payments of any other type of federal tax.

Treasury and IRS will issue additional guidance as needed and continue working with Congress, on a bipartisan basis, on legislation to provide further relief to the American people.

-RW




1 comment:

  1. Can this be delayed indefinitely?

    Oh, but muh roads, and muh wars.

    ReplyDelete