The Atlanta Journal-Constitution
THE LATEST DEVELOPMENTS
But if you’re expecting refund, file now to get it faster, president urges.
SHELTER IN PLACE
New York state and Illinois joined California in ordering residents to stay home unless they have vital reasons to go out, limiting the movement of more than 70 million people.
TAX DAY IN JULY
The U.S. tax filing deadline has been pushed back to July 15. “All taxpayers and businesses will have this additional time to file and make payments without interest or penalties,” Treasury Secretary Steven Mnuchin said.
CLOSED BORDERS
President Donald Trump announced an effective closure of the U.S. border with Mexico, prohibiting most travel except for trade. That brings it in line with the restriction on the Canadian border earlier this week.
WASHINGTON — The income tax filing date has been pushed back from April 15 until July 15, Treasury Secretary Steven Mnuchin said.
Mnuchin announced the decision in a tweet Friday saying that at President Donald Trump’s direc tion “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 pen- alties.”
At a White House briefing, Trump said the delay on filing and paying taxes until July 15 was done to give taxpayers more time, and “hopefully by that time, people will be getting back to their lives.”
Trump said that if people are expecting refunds, they should go ahead and file now so that they can get their refunds from the IRS more quickly.
The administration had announced earlier in the week that it would delay the payments, a move that Mnuchin said would leave $300 billion in the economy at a critical time.
The administration used authority under Trump’s national emergency declaration. The delay is available to people who owe $1 million or less and corporations that owe $10 million or less.
It is expected that many states will follow the lead of the federal government and delay their tax filing deadlines as well, but that will be a state by state decision.