Posted on 03/20/2020 7:24:48 AM PDT by Enlightened1
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.
https://twitter.com/stevenmnuchin1/status/1241002750483324930
(Excerpt) Read more at twitter.com ...
From what people I know have said, if you file, your refund is on a “normal” schedule.
Now I might ask...
1) why would you want to loan the fedgov money?
2) if you did loan the fedgov money, why not file your return asap?
I would rather see a Tax holiday until Jan 2021
If you had been paying attention over the past week, you would know that people expecting a refund were encouraged to file now in order to get it and have cash in their hands. Are you merely uninformed, or are you a troll like the media types trying to fan the panic?
Not helpful if one doesn’t have any income coming in.
I owe this year and was budgeting double to pay on time. Now...phfft...late filing isn’t going to help me if I don’t have a darn income!
don’t ask how the accountant screwed up...just don’t go there right now.
Can’t set aside when there’s no income and any set aside that had happened is now used in survival mode to get through Corona...
Haha! Same here! It’s the earliest I’ve ever gotten mine done.
But I am 100% grateful for this on behalf of all taxpayers. Much needed relief.
Thank you, Mr. President.
I wonder if this also moves the day to make contributions to the previous year’s retirement plans? That would normally be April 15 the following year.
I’m glad. Especially re the $ owed.
No you can do it any time you want before July 15th.
Term limits are not effective. Look at California. Back in the early 90s we voted for term limits across all legislative, state senate and statewide offices. What good did that do for the state?
What are those interest rates for late payment?
https://proconnect.intuit.com/articles/federal-irs-underpayment-interest-rates/
Move it the day after the general election in November,.
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