New Tax Deadline on the Horizon

New Tax Deadline on the Horizon

(FinancialHealth.net) – Earlier this year, President Donald Trump’s administration extended the April 15 tax deadline to July 15. They made the decision to make it easier for people to pay and file their income taxes during the coronavirus pandemic. There was some talk about it being moved again, and now we have answers about whether that’s going to happen.

On June 29, Treasury Secretary Steven Mnuchin announced the tax deadline would remain July 15.

According to a press release, taxpayers can still file for an extension that would give them until October 15. IRS Commissioner Chuck Rettig reassured Americans who are struggling during this time and said there are “easy-to-use payment options available on IRS.gov” for people who can’t afford to pay their bills in full.

The Trump Administration is trying to make it as easy as possible to navigate through the pandemic. That includes steps to make filing taxes as stress free as possible. You can find out more about the payment plans by going here.

~Here’s to Your Financial Health!

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