Monday, March 23, 2020

Federal Income Tax Guideline Extended to July 15, 2020

The federal government announced on Friday, March 20, that the federal Tax Day is moving from April 15 to July 15 for both filing and tax payments. U.S. Secretary of the Treasury Steve Mnuchin tweeted, "All taxpayers and businesses will have this additional time to file and make payments without interest or penalties." The White House had announced previously they were deferring tax payments for 90 days as a way to blunt the damage from the coronavirus crisis.

Mnuchin encouraged all Americans who are expecting to receive refunds to go ahead and file now to get their money. If you haven't filed your taxes yet, you now have the extra time you need to take care of that. Keep in mind, if you pay state taxes, you may still have to file with your state by April 15 (that will be up to each state to make any changes to its schedule).

Here at Morris Law Group, we continue to monitor the situation and will keep you apprised of any important developments. We hope you and your family are safe and well. Watch your inbox for additional messages as we navigate this unprecedented time together. If you have any questions or need our assistance, please contact us or call (561) 750-3850.

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