Hallelujah! The Treasury and IRS just announced they are delaying Tax Day — usually April 15th — by three months!
Can I do a little happy dance now? I had NO idea how I was going to fit getting my taxes done, into this coronavirus mess!
I am not even going to ATTEMPT to do my taxes myself, and my tax accountant is not filing anymore, as of now. I thought I would be in BIG trouble.
If you own a business, this affects you as well.
As part of its coronavirus response, the federal government will also give filers 90 days to pay income taxes due on up to $1 million in tax owed, Mnuchin said in Washington. The reprieve on that amount would cover many pass-through entities and small businesses, he said.NBC New York
The date to file your taxes has officially been pushed back to July 15th.
We encourage those Americans who can file their taxes to continue to file their taxes on April 15,” (Steven) Mnuchin said. “Because for many Americans, you will get tax refunds.NBC New York
This does NOT mean that STATE income tax has been pushed back. Check to see what has been released by your specific state.
Now, don’t FORGET to file, since the date has been pushed. Set yourself reminders. Put strings around your fingers, if you must!