Article Summary
The deadline for filing taxes has been extended to July 15, 2020 due to the COVID-19 pandemic. This extension provides relief for individuals and businesses who are struggling to gather their financial documents and meet the original deadline. The IRS made this decision in order to alleviate some of the financial stress caused by the virus.
What This Means for You
- You now have an additional two months to gather and organize your financial documents for tax filing.
- Consider using a tax preparation service to ensure accuracy and take advantage of any potential deductions or credits.
- If you are expecting a refund, the sooner you file the better. Filing early can help you receive your refund sooner.
- Be aware of potential scams related to the tax extension. Always verify the sender’s email address and never give out personal information via email.
Original Post
ODT quiz: May 15
Key Terms
- Tax Filing Extension
- IRS
- Tax Preparation
- Deductions
- Refund
- Tax Scams
ORIGINAL SOURCE:
Source link
