Taxpayers will have an additional month.
The Internal Revenue Service is planning to delay the April 15 tax filing deadline by about one month, although they are still figuring out what the deadline will be.
After a chaotic year, taxpayers will be given additional time to file returns and pay any outstanding taxes. The change will come as calls from accountants and congressional leaders have asked the IRS to delay the date, saying new legislation and pandemic-related work changes disrupted taxpayer planning.
The IRS, which has the administrative authority to delay tax deadlines without Congress, also extended the filing season last year at the beginning of the COVID-19 pandemic.
The agency is considering setting the filing deadline either on May 15 or May 17, but they have not finalized their decision. May 15 is a Saturday and the IRS typically delays filing deadlines that fall on a weekend or holiday to the next business day.
As the Lord Leads, Pray with Us…
- For taxpayers, accountants, and tax preparers who will have the one-month extension for filing taxes.
- For the IRS personnel who have had to deal with the backlog of late filings for the previous tax year.
Sources: Fox News, Business Insider
