Waiting for IRS to Extend the July 15 Tax Deadline? Don’t
WASHINGTON – The U.S. Treasury Department’s Internal Revenue Service announced on Monday that it was sticking with the July 15 tax-filing extension deadline for 2019 returns.
Those unable to meet that deadline can still file for an extension to Oct. 15, but existing rules about taxes owed during the extension will be in effect. The form for filing for an extension is at IRS.gov.
The IRS postponed the traditional tax filing deadline from April 15 due to the COVID-19 pandemic, and some states with income taxes may have initiated different deadlines.
Last week, Treasury Secretary Steven Mnuchin hinted at an additional extension past July 15 tax deadline, floating the idea of a new September deadline. But Monday’s announcement confirmed that the date would not change and is still July 15.
As of June 12, the IRS says it had received 136.5 million individual income tax returns, down from more than 144 million a year ago. About 93 million filers have received refunds that averaged $2,763, according to the IRS.
“The IRS understands that those affected by the coronavirus may not be able to pay their balances in full by July 15, but we have many payment options to help taxpayers,” IRS Commissioner Chuck Rettig said in a statement. “These easy-to-use payment options are available on IRS.gov, and most can be done automatically without reaching out to an IRS representative.”
Source: “IRS Is Not Extending Tax Deadline: 2019 Returns Must Be Filed by July 15,” USA Today (June 29, 2020)
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