Trump Administration Moving Tax Deadline to July 15th
The U.S. is extending the deadline for filing taxes from April 15 to July 15, Treasury Secretary Steven Mnuchin said in a tweet on Friday. The decision gives Americans three months longer than they typically would to file their taxes.
"At @realDonaldTrump’s direction, we are moving Tax Day from April 15 to July 15," Mnuchin tweeted. "All taxpayers and businesses will have this additional time to file and make payments without interest or penalties."
Lawmakers are hoping that by extending the deadline, this gives businesses and people a chance to hold onto their money longer as they deal with the fallout from the virus outbreak.
In a tweet a second tweet Treasury Secretary Steven Mnuchin urged all taxpayers who may receive a tax refund this year "to file now to get your money."
This is some good news for those who are struggling on how to manage their business, in the uncertain future as well as though who may have troubles finding a person to prepare their taxes for them.