Federal Tax Updates (Last Update: 3/20/20)
Today the Secretary of Treasury announced via Twitter that, at the direction of the President, they will extend the federal tax filing deadline to July 15, 2020. State deadlines may vary.
The federal tax filing deadline is July 15, 2020.
Taxpayers getting a refund are encouraged to file their taxes now. Last tax season close to 72% of taxpayers received a tax refund close to $3,000, which for many taxpayers is their largest paycheck of the year. During times like this, that is much needed money for many households. The IRS expects to continue to process refunds as normal. The IRS typically issues nine out of 10 tax refunds within 21 days or less from acceptance with e-file and direct deposit – the fastest way to get your refund.
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I received the following today in an Email from TurboTax: