Breaking: IRS Delays Tax Deadline for Second Consecutive Year amid Pandemic

The Internal Revenue Service is planning to push back its tax deadline from April 15 to May 15, according to multiple reports.

The decision, first reported by Bloomberg News and confirmed by CNBC, will give the agency time to process tax returns at the same time that it sends out another round of stimulus checks, following the recent passage of Democrats’ $1.9 trillion coronavirus relief bill. The bill also included last-minute amendments affecting tax collection, such including up to $10,200 in tax exemptions on jobless benefits.

IRS Delays Tax Deadline for Second Consecutive Year amid Pandemic The delay will give the agency time to process tax returns at the same time that it sends out another round of ... READ MORE ADVERTISEMENT Follow Us & Share 19 West 44th Street, Suite 1701, New York, NY, 10036, USA Your Preferences | Unsubscribe | Privacy View this e-mail in your browser.