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Tax Day is now July 15. Here’s what that means.

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Tax Day is now July 15. Here’s what that means.

You’ll have three further months to file your 2019 tax return. | Zach Gibson/Getty Images

The Treasury Secretary says that the submitting deadline has been pushed again, however that doesn’t imply you need to wait. The federal tax-filing deadline has been postponed till July 15 because the nation struggles to cope with the coronavirus pandemic.
Treasury Secretary Steven Mnuchin introduced the change on March 20 on Twitter. The IRS adopted up and tacitly confirmed the brand new deadline, oddly sufficient, by retweeting Mnuchin and including barely extra context.

At @realDonaldTrump’s route, we’re transferring Tax Day from April 15 to July 15. All taxpayers and companies can have this extra time to file and make funds with out curiosity or penalties.— Steven Mnuchin (@stevenmnuchin1) March 20, 2020

The information got here days after Mnuchin very publicly declared at a White House press convention that taxpayers must file by April 15, although they might delay paying any taxes they owed for as much as 90 days after the deadline with out incurring curiosity or being penalized. Now, in accordance with Mnuchin’s newest assertion, taxpayers can delay submitting for as much as 90 days as properly.
Although the timing of those bulletins is a bit complicated, the information isn’t a lot of a shock. Mnuchin did say on March 11 that he was recommending pushing the deadline again.
This doesn’t apply to state revenue tax returns, which, relying on the place you reside, should still be due on April 15 (in case your state has them in any respect). Many states are following the federal authorities’s lead: California, Connecticut, Vermont, and Wisconsin, for instance, prolonged their deadlines to match the federal one within the days following Mnuchin’s announcement. But Hawaii, which has April 20 as its tax day, remains to be deciding whether or not to maneuver its date. In different phrases, discover out what your state is doing and don’t assume it can push tax day again to July 15.
Mnuchin urged taxpayers who’re anticipating refunds nonetheless to file as quickly as doable to get the cash they’re owed.
Update, March 23, 2020, 7:25 pm: Updated to replicate new state tax return deadlines.

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