U.S. moves tax day to July 15 -Treasury's Mnuchin

This post was originally published on this site
https://i-invdn-com.akamaized.net/news/LYNXNPEAAP0BV_M.jpg
© Reuters. © Reuters.

WASHINGTON (Reuters) – The U.S. government is moving its tax filing day from April 15 to July 15, Treasury Secretary Steven Mnuchin said on Friday amid the coronavirus crisis afflicting the country.

“All taxpayers and businesses will have this additional time to file and make payments without interest and penalties,” Mnuchin said in a Twitter post.

“I encourage all taxpayers who may have tax refunds to file now to get your money.”

On Thursday, Mnuchin had said the Treasury Department would not extend the tax filing deadline for 2019 returns.

He told CNBC on Thursday the federal government would give taxpayers 90 days to pay on up to $1 million in tax owed as part of its coronavirus response.

It was not clear why the administration decided to extend the deadline. Mnuchin said it was at the direction of President Donald Trump.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment