Posted on 03/11/2020 11:55:41 AM PDT by 11th_VA
The Trump administration plans to delay the April 15 tax deadline for most individual taxpayers as well as small businesses as part of an effort to mitigate the effects of the spread of the novel coronavirus, Treasury Secretary Steven Mnuchin said Wednesday.
Mr. Mnuchin said the delay would apply “to virtually all Americans, other than the super rich,” and said officials would likely announce a decision quickly...
(Excerpt) Read more at wsj.com ...
MAGA
cool. I was stressing about getting my stuff together for the taxman
Bad news if you work for H&R Block
Do you think he’s gonna delay it to Nov. 1? To have people riled about taxes just before the election?
I do.
Works for me!
How does this help anything? I cannot believe how silly and irrational this whole thing has become.
Think so? I would think they'd be glad to have the workload spread out.
LOL !!! That would be a hit - Never let a crisis go ....
“How does this help anything? I cannot believe how silly and irrational this whole thing has become.”
Agreed. A lot of these actions surrounding CV are now taking on the aspect of virtue signaling.
“Bad news if you work for H&R Block”
—
Only for awhile - the government will be back to wanting your money again, as soon as it possibly can. It always does.
They still get their quarterly payments.
State taxes are still due.
I'll tell you how it helps - lots of people owe BOTH Federal and State taxes, April 15 - I still haven't gotten my deductions right since the new tax law went into affect.
So I can focus on paying the little I still owe to state April 15, and save up to pay Federal on November 1. If that gives every family $1000 to spend now and plan to pay it later in the year, that does help the economy. It's like a 'no interest loan' ...
Actually it will take some of the stress off. April and March are super high stress months for Block. With businesses having more people telecommute there may not be office personnel to get the tax/finance into together.
Eases stress for everyone from those who are missing work and are not getting paid, thus no money for taxes, to the small business owners themselves. Dems can fume.
Into=info. I hate having to translate my stuff all the time, autocorrect.
good idea! nobody has time now to screw around with damned tax forms
Most people who do tax prep for a living work like dogs till 4/15 and then take extended vacations. No vacation this year.
Well since everybody is going to die from Corona virus might as well just delay them permanently.
Why is that?
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