RIO GRANDE VALLEY, Texas (KVEO) – Taxes are due July 15, no more delays are being issued by the IRS.
Taxes are normally due April 15, but because of the COVID-19 pandemic the federal government postponed the deadline until July 15.
This provided economic and logistic relief for taxpayers dealing with the disruptions and uncertainty brought on by lockdowns, school closures, and shuttered businesses.
Now, taxpayers must file or seek an extension by July 15 or face a penalty.
“So, the IRS was concerned that taxpayers would have difficulty meeting their tax filing obligations by the traditional April 15th deadline. So, they extended the filing deadline to July 15 and then they subsequently also extended the payment deadline to July 15th, allowing taxpayers who aren’t due a refund but have a balance due to the IRS a few more months to come up with that money to pay their balance due,” said Andy Phillips, Director for the tax institute a H&R Block.
The IRS is expecting about 150 million returns from individuals, and as of last count it had received almost 139 million.
Taxpayers that need more time can request an extension on the IRS website.
You can see our previous coverage, here.