- The $2.2 trillion coronavirus-related stimulus legislation passed by Congress in March, which set aside billions of dollars for direct cash payments to most Americans, is one example of the unprecedented moment the US finds itself in right now.
- Here’s another: The tax deadline for 2020, which had already been pushed from April 15 to July 15, might get delayed for a second time.
- There are reports the White House is considering whether to push the deadline again, to the fall or even later.
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I have probably written some variation of this phrase more times than I can count over the last month or so, but here is yet another indicator of the completely unprecedented moment the US now finds itself in thanks to the coronavirus pandemic.
Already, you’ll recall, the Trump administration decided to push back the normal April 15 tax deadline to the summer this year — a no-brainer if you ask me, considering we’re perilously close to Great Depression-level territory thanks to the wave of job losses and business closures in recent weeks. On Friday, the Labor Dept. reported that employers shed more than 20 million workers last month, pushing the jobless rate in the country to 14.7%. In light of all this economic devastation, the original idea was that taxpayers would have until July 15 to file their 2019 taxes — and that they wouldn’t have to pay a late-filing or late-payment penalty, either. The tax deadline was also part of a raft of emergency moves that included sending out direct cash payments to most Americans.
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Tax deadline extended again? White House considering another delay, to the fall originally appeared on BGR.com on Sat, 9 May 2020 at 19:02:09 EDT. Please see our terms for use of feeds.
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