Wednesday, April 14, 2021

The IRS is asked to extend the tax-filing deadline to May 15.


The Internal Revenue Service will again give Americans extra time to file their taxes as a result of the epidemic, according to a congressional aide based on the decision.

Normally instead of the April 15 deadline, the filmmakers would rather have until May 15, said the aide, who spoke on condition of anonymity because no announcement was made. The purpose of the extra time is to ease the burden on filers dealing with the economic turmoil caused by the epidemic, which has fired millions of people from work or cut their hours.

The one-month delay is not the extra time offered by the IRS the previous year, when the filing deadline was pushed 15 July, But this makes it easier for taxpayers to gain control over their finances. And it also included a significant change that only went into effect with the signing of the US rescue plan: only for 2020, the new law made the first $ 10,200 profit-tax free for people with incomes under $ 150,000.

Treasury Department and Internal Revenue Service officials did not immediately respond to requests for comment Wednesday afternoon.

This news was previously reported by Bloomberg News.

There was increasing pressure to extend the deadline. The American Institute of Certified Public Accountants said on Tuesday that the epidemic had created a “difficult hardship”, making it difficult for taxpayers and physicians to meet the April 15 deadline. “The IRS should not see the impact of the epidemic on this year’s tax filing season,” the group said in a statement.

And MPs on both sides called on the Internal Revenue Service To delay the tax day, Complex provisions of the tax code have been made in the recently passed Economic Relief Package and last year’s filing delay.

The IRS Commissioner, Charles Retig, will testify before Congress on Thursday about the 2021 filing season.





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