March 20 – Emily Tillman
Tax day is coming later this year. Secretary Steve Mnuchin stated today, “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.”
Secretary Mnuchin did urge Americans who have refunds to file as soon as possible to get their money. The administration has been seeking ways to blunt the economic impact of the coronavirus outbreak, which is expected to cause harm to both major industries and small businesses. Economists have predicted a potentially historic spike in unemployment claims.
It is expected states will follow suit. We will have more on this when we learn it. This is a developing story.