An IRS 1040 form, U.S. Individual Income Tax Return, is shown on Thursday, April 5, 2018, in New York. Leading automated financial advisers — often called “robo-advisers” — such as Wealthfront and Betterment tout daily tax-loss harvesting as a way to significantly increase your returns. But independent research suggests the technique has less effect than claimed and may be more a gimmick than a true advantage for investors. (AP Photo/Jenny Kane)
As we continue to suffer as a nation due to the shutdown at the hands of the Wuhan virus, the Trump administration is taking steps to ease the burden as much as it can.
According to Treasury Secretary Steve Mnuchin, Tax Day has been pushed back three months.
“At [President Donald Trump’s] direction, we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties,” tweeted Mnuchin.
At @realDonaldTrump’s direction, we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.
— Steven Mnuchin (@stevenmnuchin1) March 20, 2020
However, Mnuchin did encourage Americans to submit their taxes if they have returns coming to them.
“I encourage all taxpayers who may have tax refunds to file now to get your money,” he said in a follow-up tweet.
I encourage all taxpayers who may have tax refunds to file now to get your money.
— Steven Mnuchin (@stevenmnuchin1) March 20, 2020
Join the conversation as a VIP Member