IRS keeps ‘tax day’ April 15, but waives penalties and interest for 90 days after
By Matt Collins Article may include affiliate links
The U.S. Internal Revenue Service says April 15, 2020 will remain the country’s tax deadline — but it will waive penalties and won’t charge interest for 90 days.
Despite some social media reports that the tax deadline is being “pushed back” due to the coronavirus outbreak, this technically isn’t true.
The IRS is still encouraging individuals and businesses to file taxes by April 15 — but it will waive interest and penalties for at least 90 days as of March 18, 2020.
Many tax filings are done electronically now — and most accountants are able to accept the necessary documents electronically and work remotely.
However, for the many Americans who still rely on in person tax service, the deadline could prove to be problematic during both government mandated and self isolation.
Experts are advising both individuals and small businesses to use online tax services is possible to get taxes in on time.