IRS Moves Federal Tax Deadline to July 15, 2020
- March 25, 2020
- 1 min read
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The IRS has officially moved the federal tax deadline to July 15.
This is good news for all households financially affected by the coronavirus. Without any other forms, taxpayers can also defer any federal income payments until July 15.
The recommendation is to do your taxes as early as possible. That way, if you owe money, you have some time to save and prepare your personal finances, which many may need in this time of crisis. This will be the fastest way to obtain your refunds.
The President announced an emergency declaration enforcing the Stafford Act last week that will bring federal assistance to state and local governments who will be responsible for aiding citizens.
This includes the decision to move the tax deadline from April 15 to July 15.
The Stafford Act
“The Stafford Act is a federal law designed to bring an orderly and systematic means of federal natural disaster and emergency assistance for state and local governments in carrying out their responsibilities to aid citizen.”
President Trump assures the nation that we will prevail together, and that America will be open for business faster than what dooms dayers are saying.
After days of debate, the White House and Senate have agreed on a $2 Trillion Coronavirus stimulus bill.
Things are changing quickly, and all citizens look forward with anticipation as to how the government will aid this pandemic through the new bill.
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