IRS REMINDER JULY 15TH FILING DEADLINE

IRS reminder July 15th filing deadline. With the onset of the Coronavirus pandemic, economic onslaught, unemployment problems, and health devastation that has happened, the Government was prudent in shutting down large swaths of the economy for periods at a time, to determine the extent of the damage, and the way in which the virus was spreading. Certainly, no one enjoyed going thru it, but it was a necessary evil that benefited society as a whole in trying to determine how best to cope with a one in century problem. The IRS decided it best to delay the tax filing season until July 15th, as they also had to take on the task of keeping track of the economic stimulus, which turned into multiple stimulus packages. Proposals to track individuals using data provided by the IRS also would have burdened the agency, but never made it past Congress. All in all, the IRS needed some breathing space themselves to sort out a whole new task of responsibilities hoisted upon them during the crisis. IRS reminder July 15th filing deadline.

As the July 15th tax filing deadline–postponed from April 15–draws near, the Internal Revenue Service is reminding all taxpayers who have yet to file their 2019 federal tax return to file electronically now, choose direct deposit for their refund, or pay any tax owed electronically. Taxpayers who owe for tax year 2019 or need to pay 2020 estimated taxes originally due for ht first quarter on April 15th or the second quarter on June 15 can schedule an electronic payment up to the July 15 due date. The IRS continues to process electronic tax returns, issue direct deposit refunds and accept electronic payments. As of May 28th, the IRS received over 133.8 million tax returns and issued over $250.9 billion in refunds.

Taxpayers should use electronic options to support social distancing and speed the processing of tax returns, refunds and payments. IRS.GOV has a variety of options to help taxpayers.