The IRS has extended the federal tax-filing deadline from April 15th to May 17th, citing disruptions due to the pandemic and impending implementation of Biden’s $1.9 trillion dollar relief package.
IRS Commissioner Charles Rettig said the public should still consider filing as soon as possible in order to claim refunds or stimulus payments.
In a statement Wednesday, Rettig said “this continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help taxpayers navigate the unusual circumstances related to the pandemic, while also working on important tax administration responsibilities.”
With the change, Taxpayers can postpone federal income tax payments that they owe for the 2020 tax year to May 17.
House Ways and Means Committee Chairman Richard Neal and Rep. Bill Pascrell, both Democrats touted the extension, saying “under titanic stress and strain, American taxpayers and tax preparers must have more time to file tax returns.”
They added “the IRS itself started the filing season late, continues to be behind schedule, and now must implement changes from the American Rescue Plan.”
ARTICLE SOURCE : THECONSERVATIVEOPINION.COM