Tax Day Moved to July 15

Theresa FerroneBlog

This morning Treasury Secretary Steven Mnuchin tweeted that under President Trump’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.” Earlier this week, as a result of the coronavirus pandemic, the administration moved the payment date to July 15 but groups such as AICPA pointed out that the change of the payment date wasn’t enough because many taxpayers and their accountants are dealing with the fallout from the COVID-19 pandemic and don’t have access to all their tax records or offices. In response to the change of date, the president and CEO of AICPA said “The coronavirus pandemic has made it increasingly difficult for taxpayers and tax advisers to file on time and in a safe manner and this relief is helpful … My message to CPA firms and other preparers today is: our work is not over. There is a great need to support the U.S. economy and it is urgently critical that refund returns are filed as soon as possible, without unnecessary delay and when able and safe to do. Our profession has a tremendous opportunity to create economic stimulus when we help taxpayers submit a refund return.”